7.2 Morning Market Insight for Millions

The cycle's extreme low of 57758 has completed a deep bearish washout, with bearish selling pressure fully exhausted; the current closing price is 60349, rebounding over 2500 points from the low, reclaiming the short-term key resistance level.
The trend has formed a clear V-shaped reversal bottom, the descending channel has officially broken, shifting to a short-term bullish-dominated market.

7-day moving average at 59567: The price firmly stands above the short-term lifeline, the moving average turns upward, establishing short-term support; a pullback to this line is a buying opportunity.
30-day moving average at 59757: The medium-term bull-bear boundary, the current price holds above the 30-day moving average, reversing the medium-term downtrend.
The moving averages form a structure where the short-term crosses above the long-term, continuously strengthening the bullish trend.

The rebound candle shows increased volume, indicating genuine capital inflow to absorb supply, not a low-volume trap; volume shrinks during declines and expands during rises, reflecting healthy capital behavior.
Volume moving averages have simultaneously turned upward, with incremental capital continuously entering, providing sustained momentum for the subsequent rebound.

First strong support: 59567
Second support: 59000
Ultimate bottom support: 57758
First resistance: 61000
Second resistance: 63000
Medium-term strong resistance: 65597

The current bullish trend is clear, prioritize going long with the trend; only lightly test short positions at key resistance levels
Around 60300, try a small long position with a stop loss at 5955;
On a pullback to the support zone of 59600-59800 (moving average area), add heavy long positions, stop loss at 59400;

Short-term first target 61000; second target 62500-63000
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