Short-term bottoming out and stabilization after approaching the lower Bollinger Band near 79188, followed by a rapid rebound. The Bollinger Bands shifted from opening downward to gradually flattening. The price stabilized above the middle Bollinger Band at 79423, currently trading around 79592 with a slightly strong momentum. In the short term, the decline has shifted to stabilization and recovery.

From the market sentiment perspective, the downward momentum caused by previous panic selling has weakened, with continued absorption of bottom-fishing orders at low levels. Short-term bearish momentum is exhausted. Coupled with the overall market risk appetite warming, this bottoming out is a panic-driven pullback confirmation, with the bulls regaining control.

Trading suggestion: If the price retraces to the 78800‑79000 zone and finds support to stabilize, it can directly move north.
The first target is around 79800.
The second target is around 81000.

If the price directly breaks below 78800 and continues to decline with increased volume, it indicates that the short-term bearish sentiment persists. If there is no effective rebound after the breakdown, it can trend southward #美国4月PPI同比暴涨6%