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Around 94,000 is a temporary trend support. This round of rise has been quite large, with no obvious pullbacks in between. Currently, it is approaching 100,000 and encountering a strong resistance level at 95,000-98,000, so a brief pullback is needed to build momentum.


The interest rate cut bull has started and will not easily change. It is just a matter of whether the rate cut will happen in May or June. The interest rate meeting this Thursday morning is unlikely to cut rates, so it is normal for the market to drop first; after all, May has just begun.
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