4.30 “Double Cake” Today’s Analysis

Yesterday, “Double Cake” faced pressure after the high at 2346 and weakened. During the session, it quickly plunged and pulled back, with the lowest dipping to around 2218. The chart once showed a strong bearish downward move, looking fierce in its decline; in reality, it was a standard deep-setup selloff and shakeout conducted by the main players.

After the price touched the key strong support at 2218, it quickly halted the fall, stabilized, and then oscillated before reversing upward. This fully confirms that buy-side support at this level is very strong, and the downward room below has basically been closed. This kind of rapid dip, followed by a gradual rebound, is a classic move by the main players to deliberately slam the market, flush out retail panic-sell positions, and then turn around to trap short-term short sellers. At this stage, bearish momentum has been largely released, and the bottom is basically in.

Trade plan: Buy in batches around 2210–2230 (“哆”); the target is around 2280–2300. After a breakout, continue to look for 2350.