Intraday on April 27th

The broader market today oscillated repeatedly around the lower edge of the 7154 resistance zone. After hitting lows in the early session, it began a gradual recovery. Market sentiment showed no clear signs of panic; instead, buying support at lower levels remained relatively stable.

After filling the morning gap down, the market entered a rhythm of oscillating upward. Short-term capital began attempting to test higher levels, with intraday opportunities to challenge the 7200 round-number psychological level.

However, it's important to note that today's volatility will likely increase significantly, with an expected range of 75 to 85 points. Bull-bear divergence remains high, and the market rhythm leans more towards a tug-of-war.

From a structural perspective, there's a high probability of some selling pressure towards the close, with an overall bias towards a negative close. However, the daily candlestick could still print a solid bullish body, indicating underlying support remains.

For trading strategy, it's recommended to focus on buying on dips, avoid chasing highs, and manage your rhythm carefully.

Reference levels are as follows:

Low reference around 7144, extreme support at 7132
High reference around 7186, extreme resistance at 7207

Overall, the short-term structure remains oscillatory with a bullish bias, but the rhythm will be quite choppy. Pay attention to position management and entry/exit points.

The above analysis is for reference only and does not constitute any investment advice.

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