Analysis on the morning of April 26th

Everyone, happy weekend. This round of market movement started from the low point of 76,500, forming a complete bullish upward structure. After bottoming out at a low level and increasing volume to surge higher, it reached a local high near 78,500. Currently, it is pulling back and adjusting, which is not a trend reversal, but a healthy shakeout and accumulation within the upward trend. The overall bullish trend remains fundamentally unchanged.

From the Bollinger Bands structure, the support at the bottom has been steadily rising throughout, with the lower band consistently maintaining an upward posture, showing no signs of a bearish breakdown or reversal. The current price has fallen back to the middle band support zone for consolidation, which is a standard upward correction confirmation. The 76,480-70,000 range provides very strong bullish support. The upper band has only recently turned downward, which is just profit-taking at the high point and has not formed a bearish downtrend channel. The upward space above remains fully intact.

From the perspective of candlestick momentum, during this correction, the body of the bearish candles has been shrinking, indicating the selling pressure is continuously weakening, and the downward momentum is gradually bottoming out. During the decline, there have been multiple rebound signals with bullish candles, and bottom-fishing buy orders at low levels continue to enter, quietly supporting the market. The overall market focus is steadily rising, well above the initial low point of this move, and the bullish trend structure remains intact.

In the short term, the correction cycle is about to complete. As long as the key support at 76,480 is maintained, the correction will end and a second round of bullish attack will immediately restart, once again challenging the previous high resistance level. I personally suggest buying near 76,500-70,000, with targets between 78,000 and 78,800.