Free access to Telegram Contract Tracking Group: https://t.me/ +NVLhBdtMmxw2ZTI1 Copy Operation On March 4th, Auntie Tai conducted a intraday analysis in the morning session Daily level: On February 27th, a large bearish candlestick with a long lower shadow was formed, accompanied by a huge amount, indicating strong selling pressure on the market after experiencing a surge on February 25th. However, buying activity near 1887 below formed short-term support. The overall trend turned downward after experiencing a rapid rise. 1-hour level: The price closed at a long lower shadow line after hitting the 1887 low at 4:00 pm on February 27th, and closed positive at 7:00 pm, indicating signs of short-term stabilization at a low level, possibly entering consolidation or a slight rebound. MACD (1 hour): Both DIF and DEA are running below the zero axis, and DIF is below DEA. The MACD bar chart is negative, confirming a bearish trend. But the negative absolute value of the MACD histogram is converging, indicating a weakening of bearish momentum. During the period of 00:00 to 06:00, RSI (1 hour) remained in the oversold zone for a long time (below 30), indicating extreme market weakness. The latest RSI value is 33.54, just out of oversold zone, indicating a possible technical rebound or consolidation in the short term. EMA (1 hour): EMA7, EMA30, and EMA120 are all bearish and diverging downwards, with prices much lower than EMA30 and EMA120, confirming a strong downward trend. The current price of 1929.95 is slightly higher than EMA7 (1928.82), which may provide short-term support or resistance conversion. EMA30 (1971.49) and EMA120 (1969.86) constitute important resistance regions above. Trading volume: Daily level: Both the sharp rise on February 25th and the sharp drop on February 27th were accompanied by huge volumes, indicating active market trading. There is a huge divergence between long and short positions, and bearish forces dominated on February 27th. 1-hour level: During the price decline, trading volume continued to increase, especially at 06:00 on February 28th when the low point of 1887 was reached, with trading volume reaching 25905, indicating strong downward momentum. At the same time, there was also some buying at the bottom of the low level. After a sharp decline in volume, there is a short-term demand for a pullback.