April 27 Morning Market Outlook

Early morning market first dipped to around 77,100, then quickly stabilized after hitting the bottom, followed by a round of recovery and rebound. Currently, the price remains in a narrow range around 77,500.
After a sharp decline, a technical rebound occurred, but the rebound strength has continued to weaken, and it has never broken through the key strong resistance above. The bearish overall trend has not reversed, and the rebound is a weak correction market.

This round of market is driven by a technical oversold rebound after a sharp decline. The current upward momentum is continuously diminishing; combined with the overall light trading volume in the market over the weekend, the participation of funds is insufficient. The probability of a shakeout in the market has greatly increased, and the risk of a quick rise and fall persists. The selling pressure at high levels is gradually being released.

Currently, the rebound is approaching a critical resistance level. The bullish upward momentum is clearly insufficient, and the selling pressure at high levels is gradually emerging. The current position has very low cost-effectiveness for chasing gains, and the market may encounter resistance and weaken again at any time.
The overall trend remains bearish, with the core operation strategy being to sell high on rebounds and buy low on dips in the short term.

Enter short positions on rebounds in the 78,550–79,050 range.
First target: break below 78,050, then look towards 77,700 → 77,200 → 76,700.

Enter long positions on dips near 77,750.
First target: break above 78,250, then look towards 78,750.