May 1, 2026 Market Analysis

Yesterday’s video suggested bouncing to the 77,000 area and then shorting again. The highest price was around 77,400. Although it just happened to reach our indicated short-entry position, the price is still adjusting near 77,000 and hasn’t given enough room—so short positions can be patiently held.

I went back to my hometown these days, and I didn’t bring my computer, so I couldn’t record a video; I’ll briefly talk about the market in text. First, the overall bearish trend is unchanged. My long-term long position near 77,450 is still firmly held. And in the short term, unless we get a pull to above 82,000, I won’t easily stop out.

For intraday short-term price action: on the four-hour timeframe, the Bollinger Bands have been tightening and moving sideways. After this morning broke through the middle-band resistance, the current price is now in the upper band range. It’s also still constrained by the upper band and can’t break through, so it’s temporarily consolidating at a relatively high level. The pace in the Asian and European sessions is always calm and slow—the main rhythm is still in the evening U.S. session. For today’s intraday focus, use the previous second-high level of 77,900–78,000 as the defense line for the short. If the market can’t even break through here, then there’s no possibility of further upward continuation. Those holding short positions only need to wait calmly.

Advice is for reference only!

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