April 9th Double Bottom Analysis

The current price is 2175.85, having effectively broken below the MA7 and MA30 moving averages, forming a standard bearish alignment. Since the high of 2269.65, the price has been weakening continuously, and the bullish momentum has been completely exhausted. The market is now fully dominated by bears. The Bollinger Bands are trending downward overall, with the price pressured below the middle band. The middle band around 2220 is acting as a strong resistance, and the lower band support has failed. The widening gap will accelerate the decline. During the decline, full-bodied bearish candles with ample selling pressure dominate, while rebound bullish candles are weak with insufficient volume, indicating a typical bearish structure. The resistance zone around 2200-2220 has been tested multiple times without success, and the bearish selling pressure will continue to be released.
In terms of trading strategy, focus on shorting on rallies. Enter short positions in batches around 2200-2210 during rebounds, with a stop-loss above 2225. The first target is around the 2160 level. Strictly implement stop-loss and control position sizes.