March 17th Morning Strategy Analysis

The midnight bullish rebound lacks sustainability, and there is strong resistance above, failing to stabilize.

Currently showing a trend of fluctuating downward, with increased retracement intensity, making it difficult for prices to stabilize.

4-hour level: Bollinger Bands are narrowing, prices have broken below the middle band, MACD has formed a death cross, and bearish volume continues to increase.

Daily level: Prices have fallen below the moving averages, with the 7-day moving average turning from support to strong resistance.

Strategy Suggestions

Direction: Continue to focus on high selling.

Entry Point: 83200-83500

Target: Look down to 81000

The current market is dominated by short positions, with limited rebound strength. It is recommended to operate in line with the trend, focusing on the resistance of the 7-day moving average and the performance of support below.