April 26 Morning Analysis

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

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, oscillating within the cost zone, which is a standard upward retracement confirmation. The 76,480-70,000 range provides very strong bullish support. The upper band has a short-term turn, merely reflecting profit-taking at the high points, and has not formed a bearish downtrend channel. The upward space above remains fully open.

From the candlestick momentum perspective, during this retracement, 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, suggesting that bullish funds are quietly accumulating. The overall market center of gravity is steadily rising, well above the initial low point of this move, and the bullish trend structure remains intact.

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