3.20 Morning Analysis

My assessment for this week remains unchanged—I remain bullish, and this time it's not blind optimism, it's based on evidence. The chart has already sent signals—each low is higher than the last. This isn't a technical bounce; this is capital quietly pushing the entire cost center upward. Yes, we're still being pressured by that downtrend line, but that's more of a psychological barrier, not a true trend resistance.

What's most worth noting is that each pullback is narrowing in magnitude, indicating that selling pressure is almost exhausted, and the bears are at the end of their rope. Capital has been absorbing at the bottom all along, and chips are slowly settling down. There are fewer and fewer chips available to sell in the market. The current chart, bottom line, has one purpose: gradually digest the remaining selling pressure.

When volume suddenly expands one day and breaks through that barrier in one go, it will no longer be defined as just a "rebound"—that's when the trend truly emerges.

Operating Suggestions
Buy on pullbacks to 69,800-69,300 levels, targeting 71,000-71,600, and if broken, continue to 73,000.
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