Looking back at the first interest rate cut last year, the market experienced a pullback at the daily chart level that lasted about 12 days, before starting a new round of pump. At that time, the market had just recovered from a weekly pullback, so the whipsaw was relatively sufficient in both magnitude and duration.

However, the current market situation is significantly different from before. Recently, since the pullback from the weekly chart at 745 points, the market has been rising all the way, without any significant pullback, while the trading volume has also shown a clear contraction trend. Based on these factors, I believe this daily chart pullback is unlikely to stop the market's downward trend.

The upcoming market direction is worth paying attention to. If the rebound of the three-day line fails, then the market is likely to enter a weekly level pullback again. Investors should closely monitor short-term market trends and manage risks effectively.

Overall, the current market is in a relatively sensitive period. Compared to last year, there is a lack of sufficient adjustment space and time, which may increase the risk of subsequent downturns. Investors need to remain vigilant and pay attention to changes in market volume and the performance of key support levels in order to adjust their investment strategies in a timely manner.