3·20 Friday

Time flies so fast. Today is the second day of the lunar calendar, also known as Dragon Raises Its Head, the spring dragon ascends, and all things are reborn. Wishing everyone great fortune ahead.

This week has been quite thrilling. Prices have been breaking through and rising all the way, reaching a high of 76,000 before pulling back under pressure, with the lowest dip to 69,000, a decline of nearly 7,000 points. The bears are still fierce. Yesterday, Jiang Wei arranged shorts around 74 and perfectly retreated to reach the target.

Looking at the four-hour level, prices have rebounded after touching bottom. This is a normal correction after price pullback. Only with rebound accumulation can we make better breakdowns. MACD shows bearish volume but the energy histogram is weakly bearish, indicating that intraday price tends toward oscillation. However, from the overall market perspective, I'm more inclined toward shorting.

White session strategy: Suggest shorting in batches in the 70,700-71,200 zone. Target 68,800, and if it breaks below, watch for the 66,000 level.