4.30 Morning Analysis

1-hour cycle surged to a high of 77873, and after reaching the peak, it quickly turned and fell. The bullish upward structure was completely broken, the double-top pressure pattern is clear, and in the short term the bears have already fully taken control of the market’s pace. With high volume, long bearish candles, and continuous breaks, multiple key support levels were broken one after another. The bullish rebound has no volume to support it, and the weak “repair” after the sharp drop is only a brief pause during the decline, not a signal of trend reversal. Above, the 76500-77000 range has accumulated a large amount of trapped sell pressure; every round of minor rebound will be strongly suppressed by the bears. Rebound highs keep moving lower, and the downward trend’s continuation is extremely strong. The price dipped to the low of 74868. In the short term, bulls are unable to regain lost ground, and the weak setup is hard to reverse. Going forward, as long as rebounds fail to hold above the key resistance, a renewed deep selloff will begin. Once the lower 74800 low is effectively broken, it will open up more room for further downside.

Trading suggestion: 76400-77000, target 74400-75000.$$GT