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April 30 Evening Analysis: Short-term Rebound Weak, Bears Control the Pace
Today, the white session generally maintained a weak oscillation trend, market sentiment was bearish, rebounds were weak, and the overall focus continued to decline.
The morning session continued the overnight weakness, with prices repeatedly consolidating around 760, with multiple small rebounds lacking follow-through, unable to break through the resistance above, and unable to break out of the upward momentum.
After the news was released in the early morning, market cautiousness increased, and during the middle of the white session, bears gained strength, directly breaking below key support, and only temporarily stabilizing around 748 after a decline.
The subsequent market slightly recovered and rebounded, returning to oscillate around 760, but this was merely a technical rebound after an oversold condition, without additional capital support, with obvious resistance above, and the rebound was met with resistance and a pullback.
Technically, the short-term trend remains downward, with prices under pressure below the moving averages, showing a pattern of weak rebounds and strong declines overall. The entire white session was weak, and it is difficult to change the consolidation weakness in the short term.
✅ Mainly short positions: Enter in batches around 762, 767, first watch at 745, if broken effectively, then look at 730. Do not be greedy for profits; securing gains is most important.