Last night's market movement was extremely confusing, initially dropping sharply to trigger panic selling, with the lowest touching 65,938, and the market was filled with bearish sentiment.

Then it suddenly reversed in a violent V-shape, quickly rising to a high of 68,600, catching the bears off guard. After the surge, it pulled back and stabilized, now consolidating around 67,850.

This is a typical manipulation by the main players—driving panic to reverse the trend, shaking out traders, and causing oscillations. The bulls and bears are being swept back and forth. The trend remains oscillatory but slightly bullish, though still in a consolidation phase. Understanding the main players' intentions is key to avoiding being misled and face-checked.

Trading suggestion: Short around 68,200-68,800, aiming lower toward 66,600-66,000. If it breaks below 65,000, position size should be adjusted accordingly.