April 30 Morning

Yesterday's overall trend also met expectations, with an early rebound, then a pullback at the resistance level, and the overall trend was good. The phrase "double success" or "double victory" is likely referring to continuous gains or double-fold progress in this context, so I will translate it as "double gains" for clarity. The phrase "real and effective" means "real and effective." Trust in ➕'s strength results in unlimited double gains!

On the hourly chart, after reaching a high of 77,873, the market faced pressure and quickly turned downward, completely breaking down the previous bullish upward structure. A standard double top pattern formed under pressure, and short-term bears fully dominated the market trend.

Price volume increased at high levels and then fell back, repeatedly breaking through multiple core support levels. The bullish rebound lacked volume throughout, and the slight weak rebound after the decline was only a brief pause within a bearish trend, not a sign of trend reversal. The area between 76,500 and 77,000 is densely packed with trapped orders, with heavy selling pressure. Each small rebound was met with strong bearish suppression, and the rebound highs kept moving lower. The downward trend remains steady and highly persistent.

Currently, the price has fallen to a low of 74,868. The short-term bullish momentum has been exhausted, and the weak oscillating pattern is unlikely to change in the short term. As long as the rebound cannot stabilize above the key resistance levels, a deep correction will be triggered again; if the low around 74,800 is effectively broken, the market will further open downward space.

It is recommended to short at rebounds between 76,400 and 77,000, with targets at 74,000 to 75,000.