Friday, March 20

Time flies, today is the second day of the second lunar month, also known as the Dragon Raising its Head, where spring dragons rise and all things are reborn. Wishing everyone good fortune.

This week has been thrilling, with prices breaking through and rising all the way, reaching a peak of 76,000 before stopping the rise, then facing pressure and falling back, with prices dropping to a low of 69,000, a decline of nearly 7,000 points. The bears are still fierce. Yesterday, Jiang Wei arranged shorts around 74, perfectly retracing to the target.

Looking at the four-hour level, prices have rebounded after hitting the bottom, a normal rebound following a retracement. Only by gaining strength in the rebound can the prices break down better. The MACD shows the bears have volume, but the energy bars are slightly bearish, indicating that the intraday prices are leaning towards a volatile pattern. However, from the overall market view, I lean towards shorting.

For the daytime strategy, it is advised to short in batches in the 70,700-71,200 area, targeting a break below 68,800, looking towards the 66,000 level.

Follow the official account for worry relief; only Jiang Wei can do it. An analysis blogger full of emotional value, offering free trading education, bringing stability and clear guidance in the restless trading market, with experience through three rounds of bull and bear markets and years of practical trading experience, specializing in naked K, trend, Dow Theory, Gann, harmonics, Chan Theory, Elliott Wave Theory, and other technical analyses, converging into unique personal insights.

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