This week has several key points that require close attention. First, this week serves as a prelude to the interest rate cut meeting, and market volatility is expected to be relatively stable, as traders may choose to take action at critical moments before and after the meeting, known as 'up and down pinning'.
In addition, there are several important economic data releases worth noting: the U.S. CPI data for February will be released on Wednesday at 20:30, the core PPI data for the U.S. will be released on Thursday at 21:30, and the initial value of the one-year inflation expectation will be released on Friday at 22:00.
Before and after the Federal Reserve meeting, the market may experience a brief downward adjustment, known as 'downward pinning', which may form a short-term bottom. If the support level of 79000 cannot be maintained, the price may further decline to around 73000. At such a low point, a considerable rebound opportunity is expected.
