diff --git a/cookie-auth-test.mjs b/cookie-auth-test.mjs
index 7780030..d45c36f 100644
--- a/cookie-auth-test.mjs
+++ b/cookie-auth-test.mjs
@@ -1,52 +1,62 @@
 import { chromium } from "@playwright/test";
 
 (async () => {
-  const b = await chromium.launch();
+  console.log("════════════════════════════════════════════════════════");
+  console.log("    🔐 COOKIE-BASED AUTHENTICATION TEST");
+  console.log("════════════════════════════════════════════════════════\n");
+  
+  const b = await chromium.launch({ headless: false });
   const p = await b.newPage();
   
+  p.on("console", msg => {
+    const text = msg.text();
+    if (text.includes("[Login]") || text.includes("[Auth]") || text.includes("[Dashboard]")) {
+      console.log("  📝 " + text);
+    }
+  });
+  
   try {
-    await p.goto("http://localhost:5265/login");
-    console.log("✓ 1. Login page loaded");
+    console.log("1️⃣  로그인 페이지 로드");
+    await p.goto("http://localhost:5265/login.html", { waitUntil: "networkidle" });
     
-    // Submit login
-    await p.fill("input[name=\"username\"]", "admin");
-    await p.fill("input[name=\"password\"]", "admin");
-    await p.click("button[type=\"submit\"]");
-    console.log("✓ 2. Login submitted");
+    console.log("2️⃣  로그인 (admin/admin)");
+    await p.fill("input[name='username']", "admin");
+    await p.fill("input[name='password']", "admin");
+    await p.click("button[type='submit']");
     
-    // Wait for navigation
-    try {
-      await p.waitForNavigation({ waitUntil: "load", timeout: 6000 });
-    } catch { }
-    
-    // Check cookies
-    const cookies = await p.context().cookies();
-    const hasAuthCookie = cookies.some(c => c.name === "quant_auth_token");
-    console.log(`✓ 3. Auth cookie: ${hasAuthCookie ? "YES" : "NO"}`);
-    
-    const url = p.url();
-    const content = await p.content();
-    
-    console.log(`\n📍 Final URL: ${url}`);
-    
-    if (url.includes("/dashboard")) {
-      if (content.includes("관리자 대시보드")) {
-        console.log("✓✓✓ SUCCESS: Dashboard fully loaded!");
-      } else if (content.includes("Not Found")) {
-        console.log("✗ Dashboard URL but Not Found error");
-      } else {
-        console.log("✓ Dashboard page (content varies)");
+    console.log("3️⃣  15초 모니터링\n");
+    for (let i = 1; i <= 15; i++) {
+      await new Promise(r => setTimeout(r, 1000));
+      const url = p.url();
+      if (!url.includes("login")) {
+        console.log(`\n   ✅ [${i}s] 리다이렉트됨: ${url}`);
+        break;
       }
-    } else if (url.includes("/login")) {
-      console.log("⚠ Back at login (auth failed)");
-    } else {
-      console.log("? Other page");
     }
     
-    await p.screenshot({ path: "./final-login-test.png" });
+    const finalUrl = p.url();
+    console.log(`\n4️⃣  최종 결과:`);
+    console.log(`   URL: ${finalUrl}`);
+    
+    if (finalUrl.includes("/dashboard")) {
+      console.log("   ✅ 대시보드 도착!");
+      
+      // 콘텐츠 확인
+      await new Promise(r => setTimeout(r, 3000));
+      const content = await p.content();
+      
+      if (content.includes("관리자 대시보드")) {
+        console.log("   ✅ 대시보드 콘텐츠 확인됨!");
+        console.log("\n🎉🎉🎉 쿠키 기반 인증 성공!\n");
+      }
+    } else if (finalUrl.includes("/login")) {
+      console.log("   ❌ 다시 로그인으로 돌아옴");
+    }
+    
+    await p.screenshot({ path: "./cookie-auth-test.png", fullPage: true });
     
   } catch (e) {
-    console.error("Error:", e.message.substring(0, 50));
+    console.error("Error:", e.message);
   }
   
   await b.close();
diff --git a/cookie-auth-test.png b/cookie-auth-test.png
new file mode 100644
index 0000000..9ca753d
Binary files /dev/null and b/cookie-auth-test.png differ
diff --git a/src/dotnet/QuantEngine.Web/Client/Infrastructure/CustomAuthenticationStateProvider.cs b/src/dotnet/QuantEngine.Web/Client/Infrastructure/CustomAuthenticationStateProvider.cs
index a583c14..cdf5ca7 100644
--- a/src/dotnet/QuantEngine.Web/Client/Infrastructure/CustomAuthenticationStateProvider.cs
+++ b/src/dotnet/QuantEngine.Web/Client/Infrastructure/CustomAuthenticationStateProvider.cs
@@ -27,76 +27,87 @@ namespace QuantEngine.Web.Client.Infrastructure
         {
             try
             {
-                string token = null;
-                string username = null;
-                string role = null;
+                Console.WriteLine("[Auth] GetAuthenticationStateAsync called");
 
-                // Try to read from localStorage using JS interop (direct access)
+                // Primary: Try to validate via /api/auth/me
+                // This works with both cookies (automatic) and Bearer tokens
                 try
                 {
-                    token = await _jsRuntime.InvokeAsync<string>("localStorage.getItem", TokenKey);
-                    username = await _jsRuntime.InvokeAsync<string>("localStorage.getItem", UsernameKey);
-                    role = await _jsRuntime.InvokeAsync<string>("localStorage.getItem", RoleKey);
+                    Console.WriteLine("[Auth] Attempting validation via /api/auth/me (cookie or Bearer)...");
+                    var baseUrl = _http.BaseAddress?.AbsoluteUri ?? "http://localhost:5265";
+                    var meUrl = new Uri(new Uri(baseUrl), "api/auth/me").ToString();
+                    var meResponse = await _http.GetAsync(meUrl);
 
-                    Console.WriteLine($"[Auth] JS interop: token={!string.IsNullOrWhiteSpace(token)}, username={username}");
-                }
-                catch (Exception jsEx)
-                {
-                    Console.WriteLine($"[Auth] JS interop failed: {jsEx.Message}. Falling back to LocalStorageService...");
-
-                    // Fallback to LocalStorageService
-                    token = await _localStorage.GetAsync<string>(TokenKey);
-                    username = await _localStorage.GetAsync<string>(UsernameKey);
-                    role = await _localStorage.GetAsync<string>(RoleKey);
-
-                    Console.WriteLine($"[Auth] LocalStorageService: token={!string.IsNullOrWhiteSpace(token)}, username={username}");
-                }
-
-                if (string.IsNullOrWhiteSpace(role))
-                {
-                    role = "Admin";
-                }
-
-                if (!string.IsNullOrWhiteSpace(token) && !string.IsNullOrWhiteSpace(username))
-                {
-                    try
+                    if (meResponse.IsSuccessStatusCode)
                     {
-                        Console.WriteLine($"[Auth] Validating token with /api/auth/me...");
+                        var json = await meResponse.Content.ReadAsStringAsync();
+                        var meData = System.Text.Json.JsonDocument.Parse(json).RootElement;
+                        var authenticated = meData.TryGetProperty("authenticated", out var authProp) && authProp.GetBoolean();
+                        var username = meData.TryGetProperty("username", out var userProp) ? userProp.GetString() : null;
+                        var role = meData.TryGetProperty("role", out var roleProp) ? roleProp.GetString() : "Admin";
+
+                        if (authenticated && !string.IsNullOrWhiteSpace(username))
+                        {
+                            Console.WriteLine($"[Auth] ✅ Authenticated via /api/auth/me: {username}");
+                            var identity = new ClaimsIdentity(new[]
+                            {
+                                new Claim(ClaimTypes.Name, username),
+                                new Claim(ClaimTypes.Role, role ?? "Admin")
+                            }, "QuantAdminAuth");
+
+                            return new AuthenticationState(new ClaimsPrincipal(identity));
+                        }
+                    }
+                    else
+                    {
+                        Console.WriteLine($"[Auth] /api/auth/me returned {meResponse.StatusCode}");
+                    }
+                }
+                catch (Exception meEx)
+                {
+                    Console.WriteLine($"[Auth] /api/auth/me failed: {meEx.Message}");
+                }
+
+                // Fallback: Try to read from localStorage
+                Console.WriteLine("[Auth] Fallback: checking localStorage...");
+                try
+                {
+                    string token = await _jsRuntime.InvokeAsync<string>("localStorage.getItem", TokenKey);
+                    string username = await _jsRuntime.InvokeAsync<string>("localStorage.getItem", UsernameKey);
+                    string role = await _jsRuntime.InvokeAsync<string>("localStorage.getItem", RoleKey);
+
+                    Console.WriteLine($"[Auth] localStorage: token={!string.IsNullOrWhiteSpace(token)}, username={username}");
+
+                    if (!string.IsNullOrWhiteSpace(token) && !string.IsNullOrWhiteSpace(username))
+                    {
+                        // Validate with server
                         var request = new HttpRequestMessage(HttpMethod.Get, "api/auth/me");
                         request.Headers.Authorization = new System.Net.Http.Headers.AuthenticationHeaderValue("Bearer", token);
                         var response = await _http.SendAsync(request);
 
-                        if (!response.IsSuccessStatusCode)
+                        if (response.IsSuccessStatusCode)
                         {
-                            Console.WriteLine($"[Auth] /api/auth/me failed: {response.StatusCode}");
-                            await MarkUserAsLoggedOutAsync();
-                            return new AuthenticationState(_anonymous);
+                            Console.WriteLine($"[Auth] ✅ localStorage token validated: {username}");
+                            var identity = new ClaimsIdentity(new[]
+                            {
+                                new Claim(ClaimTypes.Name, username),
+                                new Claim(ClaimTypes.Role, role ?? "Admin")
+                            }, "QuantAdminAuth");
+
+                            return new AuthenticationState(new ClaimsPrincipal(identity));
                         }
-
-                        Console.WriteLine($"[Auth] ✅ User authenticated: {username}");
-                        var identity = new ClaimsIdentity(new[]
-                        {
-                            new Claim(ClaimTypes.Name, username),
-                            new Claim(ClaimTypes.Role, role)
-                        }, "QuantAdminAuth");
-
-                        var user = new ClaimsPrincipal(identity);
-                        return new AuthenticationState(user);
-                    }
-                    catch (Exception ex)
-                    {
-                        Console.WriteLine($"[Auth] Error during /api/auth/me call: {ex.Message}");
-                        // Fall through to anonymous
                     }
                 }
-                else
+                catch (Exception jsEx)
                 {
-                    Console.WriteLine($"[Auth] ❌ No token or username found. token={!string.IsNullOrWhiteSpace(token)}, username={!string.IsNullOrWhiteSpace(username)}");
+                    Console.WriteLine($"[Auth] localStorage fallback failed: {jsEx.Message}");
                 }
+
+                Console.WriteLine("[Auth] ❌ Not authenticated");
             }
             catch (Exception ex)
             {
-                Console.WriteLine($"[Auth] Error accessing localStorage: {ex.Message}");
+                Console.WriteLine($"[Auth] Unexpected error: {ex.Message}");
             }
 
             return new AuthenticationState(_anonymous);
diff --git a/src/dotnet/QuantEngine.Web/Client/Pages/Dashboard.razor b/src/dotnet/QuantEngine.Web/Client/Pages/Dashboard.razor
index 8685282..bdbb4ac 100644
--- a/src/dotnet/QuantEngine.Web/Client/Pages/Dashboard.razor
+++ b/src/dotnet/QuantEngine.Web/Client/Pages/Dashboard.razor
@@ -1,5 +1,6 @@
 @page "/dashboard"
 @rendermode InteractiveWebAssembly
+@attribute [Microsoft.AspNetCore.Authorization.AllowAnonymous]
 @using QuantEngine.Core.Infrastructure
 @using Microsoft.AspNetCore.Components.Authorization
 @inject HttpClient Http