4.27 Market Outlook

Over the weekend, the market first dipped to around 77,100, then stabilized after hitting the bottom, followed by a round of recovery and rebound, reaching around 78,000. At the same time, a significant rebound began early this morning, and so far, it has rebounded above 79,000, breaking previous highs. The current upward trend is strong, the bears are weak, and the four-hour rebound trend has not been broken.
Since the decline below 65,000 and the start of the four-hour rebound trend, the rebound has been about 14,000 points, bouncing roughly 20k points from the lowest point of 60k. From a daily chart perspective, this rebound is basically complete, and there is significant resistance around 80k. The current position suggests mainly shorting on high levels.

The rebound is approaching a critical resistance level. There is strong selling pressure around 80k, making chasing the rally at this point very low in risk-reward. The market could encounter resistance and weaken again at any time.
Overall, the trend remains bearish, and the core strategy is to mainly short on rebounds.

Recommendation: Short at 79,500-79,800, target 78,000, break below to 77,200, key support at 77,000, break below to 75,000, with a stop loss at 80,500; for small positions, no stop loss is needed, and adding at 80,600 is possible, with a stop loss at 81,500, to see if a large decline can be triggered.