Impacted by new highs in treasury yields and Anthropic's earnings missing expectations, US tech stocks and A-shares both saw deep pullbacks in the rebound pressure zone, breaking key levels. This is a deep consolidation after recent consecutive rebounds. Trading volume is normal, typical of short-term dip-buying funds rushing in, while new funds remain hesitant in this market standoff. A-shares are now behaving like US stocks, reacting to news with immediate drops, which is torture for short-term traders.