May 4th, Monday morning

The market's moving average structure remains solidly bullish, with the short-term MA7 moving average and the medium- to long-term MA30 moving average maintaining a standard bullish arrangement. The short-term moving average firmly stays above the medium- and long-term averages, and the bullish upward momentum continues. Every time the price pulls back to the moving average support zone, it presents an excellent short-term low-entry opportunity. The moving average system forms a strong bottom support, firmly supporting the market trend.

Currently, the overall market is dominated by a strong bullish rhythm. The slight pullback after a short-term surge is just normal profit-taking, not a sign of a trend reversal. From a technical perspective, as long as the price stays above the MA7 short-term moving average combined with the middle band of the Bollinger Bands as a double key support, the overall upward trend will not be broken, and there is still ample room for further upward movement.

Although the main trend remains bullish, there is a need for the market to face some downward pressure and pullback in the short term. Do not blindly chase longs at high levels.

Personal morning advice: Short on rebounds near 79,500-80,000 resistance, with a short-term downward target of 78,000-77,200; if support around 78,000-77,500 holds, consider lightly entering long positions.