April 20th Monday early morning analysis

This wave of pullback, in my view, is more like a gentle shakeout during an upward trend rather than the end of the trend.

From the structure of the Bollinger Bands, although the price briefly broke below the middle band, the lower band is still steadily rising, indicating that the medium-term bullish channel has not been broken. The retreat from the high of 76,200 points appears to be a technical correction caused by the short-term profit-taking from earlier gains, rather than a reversal of the bearish force. The key support zone below remains strong, and the previous low point of the rally has not been effectively broken, which means the foundation of the bulls remains solid.

The Bollinger Bands are tightening, and the price volatility is continuously being compressed. This is a typical accumulation pattern. After sufficient turnover and shakeout, the market is likely to choose an upward breakout. The short-term indicators have already entered oversold territory during the rapid decline, which inherently suggests a technical rebound correction. Once the price stabilizes at the support level, the bulls can easily regain dominance.

For friends still holding positions, this adjustment is not a time to panic and exit, but rather a second opportunity to re-enter the trend. As long as the support zone is not broken, the bullish trend is not over, and there is still a chance to challenge or even break through the previous high. In trading, short-term fluctuations are just part of the process. By maintaining the trend direction, you can capture your own segment of the upward movement amid market oscillations.
Yifan personally suggests that after stabilizing around 73,500-74,500, the target is near 76,300-77,500.