March 9 Evening Trading Strategy

On one side, the multi-cycle MACD shows a death cross + a massive volume of trading, signaling a strong bearish trend. 66880 is the critical level; a break below it will likely lead to a sharp decline. On the other side, the 4-hour MACD shows bullish divergence + support from the MA20 and the middle Bollinger Band, along with net capital inflow on the 4-hour chart. 67500-67650 is the last line of defense for the bulls. To rebound, we need to stabilize above this level.

Combining liquidation, support, and resistance levels, a sharp drop to 65600-65150 will cause a rush of long positions to close, accelerating the downward move. A crazy rally to 69575-70025 hits a short-term resistance zone, which is basically the ceiling for the bulls. Pushing above it will likely be met with a quick pullback. If it falls below 65600, there are strong support levels at 64000-64600 and 60900-61450.

Bearish outlook: If it truly breaks below 66880 with increased volume, go short with a small position. First target 66500. If broken, then watch 65600-65150, with a stop loss above 68452. Don’t get caught in a rebound.

Bullish outlook: If it holds above 67500-67650 on a pullback, with MACD showing a golden cross and capital still flowing in, consider scaling into long positions. First target 68452, then breakouts above 68675 and 69125. Place stop losses below 66700. Don’t be greedy.

Most conservative approach: Currently, the price is bouncing between 66880-68452. Volume is high but direction is unclear. KDJ is overbought. Don’t open positions blindly! Wait for a break below 66880 or above 68000 with increased volume before acting, to avoid being whipsawed.