4.20 Big Cake Public Outlook

After a period of repeated oscillations in the earlier stage, the bulls’ counterattack has weakened, buying pressure continues to dissipate, and with market risk-averse sentiment heating up, bearish momentum gradually takes the upper hand. As price action oscillates and the market searches lower, the center of gravity shifts downward; the range-trading phase transitions to a weaker bias, and a short-term downward channel gradually forms.

Resistance above is tightly focused on the 75,000-75,500 area. If a rebound reaches this zone and meets resistance before falling back, the market will continue its weak bottoming and testing-low trend.
Key support below is locked at the 73,000 level. If this support is effective, you can take a light position to bet on a short-term rebound;
If it is directly broken through and cannot be quickly recovered, downside momentum will keep strengthening, and a new round of pullback will be fully underway.

The current market has intensified battles between bulls and bears, with acceleration in the pace of price fluctuations, and news-driven disruptions remain clearly evident. In terms of execution, it is imperative to strictly control position risk—never blindly chase rallies or cut at a loss—follow the trend and capture precise entry opportunities.
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