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On March 29, today's U.S. market is closed, and the market will be relatively light, but the trend is still the rhythm of the second rush, and the position is still in the adjustment stage of the middle of the rise, as long as the price is above the middle track of the daily line, the bulls control the market, and repeatedly emphasized that the most critical support area below is 69000-68000
The price only remains low above the key support band, if it breaks below this level, the market will weaken, the current daily line is in the box after the rally, the range is 68500-71800, since the general trend is a bull market, and there is an expectation of halving and interest rate cuts, the price will eventually break through the previous high of 73881, so it is the best way to surround the low range
The 4-hour level test near 60000 forms a double bottom structure, and 68200 is the neckline, so the range of 68500-68000 is the best entry range, once the test is successful, it will become the starting point of the new trend, so focus on this area
Many cases of this year's pull-up structure are not strong unilateral pull-up, but the formation of a double top after pull-up, the formation of two tests on the neckline, the second test and then pull up is basically the real pull-up, the current 4 hours is in the second test support, once the test after the pull-up, will form a strong breakthrough
To sum up, the general trend continues to be bullish to a new high, the middle line focuses on the 68500-68000 area to buy, the target is 71400, this breakthrough can directly see 73400 or even a new high, is currently in the adjustment stage of the medium term, once the adjustment is over, the trend will continue