Near 94,000 is a temporary trend support level. This round of increase has been relatively large, and there has been no significant pullback in between. Currently, it is approaching 100,000 and facing strong resistance at 95,000-98,000. A brief pullback is needed to build momentum.

The interest rate cut bull has already started and will not easily change. It's just a matter of whether it will be in May or June. This Thursday at midnight, there will be a monetary policy meeting. At present, it is highly likely that there will be no interest rate cut, so a general decline first is quite normal; May has just begun.