April 23 Afternoon Analysis

Earlier high surge peaked at 79,444.7, and the market formed a standard high point downward structure. The price broke below the middle band of the Bollinger Bands across the board, and has been operating in the weak downward zone between the middle and lower bands for a long time. The bullish upward trend has already been temporarily disintegrated.

The current slight rebound is only a technical correction during the decline. The upper Bollinger middle band at 77,910 and the upper band at 78,297 form a double strong resistance, making the rebound selling pressure heavy. The MACD double lines are still deeply below the zero axis, and the large bearish structure has not changed. The brief red column is just a bearish correction pause, and the downward momentum has not been fully dissipated.

All short-term rebounds are excellent opportunities for high-level short positions. The rebound faces resistance in the 78,500-79,500 range, with a light bearish layout below, first looking at the 77,500 support. Once the support is broken, a new downward space will open naturally, and today’s focus is on short positions.