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April 29 Wednesday Afternoon Market Analysis
The Wednesday afternoon market continues the previous pattern, with short-term prices fluctuating slightly in a tug-of-war, not forming a smooth trending move, but the overall structure is very clear. The high points keep moving downward step by step, and multiple attempts by the bulls to rebound have all failed, never establishing a stable rebound. The bearish trend remains firmly in control, and there are no signs of any reversal in the market at this time.
The trading strategy remains unchanged, mainly focusing on shorting on rebounds at higher levels, avoiding blind bottom-fishing and against-the-trend holding.
Pay close attention to the resistance zone at 77,500-78,000; consider gradually shorting on rebounds when touched. Keep a close watch on the support level at 74,550; a break below could further open the downside space, targeting the 75,000-74,000 range. Maintain proper position management and risk control throughout, trading in line with the trend.