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The four-hour bullish trend has temporarily ended. But don’t panic—as long as it doesn’t sharply break below 67,500 and then retake 71,650, the bullish trend will return.
It’s still moving within a range-bound consolidation.
Good news announced: the date for the China-U.S. summit has been confirmed.
Why is this good news?
1. Based on historical experience, the more prepared a leader is, the more likely the results will exceed expectations (the 2017 first visit of Trump to China is an example). The meeting in mid-May could directly lead to tangible benefits such as tariff easing and cooperation agreements.
2. Originally, April might have coincided with Federal Reserve interest rate decisions or other geopolitical events. Now, it’s postponed to mid-May, effectively placing the “China-U.S. summit” super catalyst in a cleaner, more focused window.
May is often a season when risk asset sentiment warms up (historical data shows that during periods of easing China-U.S. relations in May, A-shares and foreign capital inflows usually perform well).
3. Market traders will start positioning early, and April is the best time to enter the market.
This is essentially a rhythm of good news being realized in advance.