$Shanghai Composite Index sh000001$ Trading in the A-share market was relatively sluggish today. All three major indices closed lower in the morning, with over 4,700 stocks in both markets turning green, and the median stock directly fell by more than 2 points.

Yesterday, Asia-Pacific stock markets fell sharply, and today they are basically rebounding and recovering, but A-shares are still falling across the board. Energy sectors like oil and coal, which were previously propped up by tense situations, also collectively plunged and fizzled out today.

Another point is that today's trading volume is still in a state of contraction, with the full day's volume likely only around 1.6 trillion yuan.

This volume level shows that: all external funds are watching and dare not move, and internal funds have also given up. If the subsequent trading volume falls further, dropping to around the trillion-yuan level, the market will only become more sluggish and harder to play.

At the moment, it's basically unrealistic to expect an independent, strong rally. In the short term, it will mainly be a process of grinding at the bottom with fluctuations.

We retail investors shouldn't get anxious and worked up. Just patiently wait for the market to adjust properly and endure this difficult bottom-grinding phase.