5.1 Festival Analysis

Happy May Day to everyone! Are you satisfied with yesterday's gift? Looking back at our previous predictions, when the big market was near the 930 line, we anticipated a brief pullback before testing the liquidity around the 955 line and then declining. The actual market validated this logic: after a brief dip, it quickly rebounded near the 955 line, and then significantly fell back to the 920 line. Given that the current market trend remains downward, we maintain a bearish outlook; 'long-term stagnation must lead to a drop' is a truth, so be sure to maintain good defense and adjust flexibly according to market trends.

From a technical perspective, the overall situation is still a high-level fluctuation, forming several long upper and lower shadows, with no clear direction overall. The MACD is in the negative zone but shows signs of convergence, indicating that bearish strength is weakening, and a rebound may be on the horizon in the short term. Therefore, the overall strategy is to look for an initial rise followed by a fall, maintaining a bearish outlook while ensuring good defense.

For a rebound around 960-950, take a bearish position. The target is around the 940-436 line.

For a rebound around 1850-1830, take a bearish position. The target is around the 1780-1740 line.