3.27 Midday Analysis



After the midday session, the market broke below the key support level of 68,250 and experienced a technical rebound. This rebound was driven by short covering and oversold funds. Trading volume continued to shrink, and upward momentum has clearly weakened. The 4-hour chart shows the price barely recovered above the lower Bollinger Band and then entered a narrow sideways consolidation. The rebound peaks are gradually declining, and the moving averages remain downward pressure, indicating a clear bearish dominance.

Currently, selling pressure in the market has not been fully released. The weak rebound is unlikely to change the downward trend, so avoid blindly chasing the bottom.

Trading Suggestions
Short near 69,000-69,500, target around 66,500-67,000
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