Yesterday's market rally unexpectedly surged upward primarily due to the resonance of "Trump tax cuts + gold safe-haven" capital flows. News of Trump hosting a dinner for holders ignited market sentiment, with continuous net capital inflows causing a stampede of longs in the futures market. The price broke through the 72,000 resistance level in one move, reaching a new high of 73,866, and closed with a large bullish daily candle. Market sentiment became extremely euphoric.

After the rapid rise, momentum clearly weakened. Today's trading shows a high-level consolidation pattern, with hourly K-line pullbacks from the highs and prominent long upper shadows. The bulls lack strength, facing technical correction needs.

Moving average divergence: MA7 (71,973) and MA30 (70,842) show excessive divergence, with the price far from the support of the moving averages, indicating potential for a pullback and reversion. The KDJ indicator is overbought and has started to turn downward, with insufficient upward momentum. The upward trend shows signs of fatigue.

Trading suggestions: On rebounds to the 71,500–72,000 range, gradually establish short positions in batches, with initial targets at 70,000. If broken below, further targets could be around 68,500.