Trend Analysis

Candlestick Patterns:

Today on the hourly chart, a long bullish candle breakout occurred at 8 AM, followed by high-level fluctuations, forming a range between 71631-71182. The daily chart has closed bullish for four consecutive days, with a single-day increase of 1526 points on March 10, displaying an accelerated upward trend. The key round number 71000 has been tested multiple times without breaking, while the 70000 level has formed strong support.

Technical Indicators:

MACD: On the hourly level, DIF 388 crosses above DEA 298, with the histogram continuously expanding; the daily MACD 1530 accelerates upward after a golden cross.

RSI: The hourly RSI at 61.5 retreats from overbought levels, while the daily RSI at 54.6 maintains a strong range.

EMA: The weekly, monthly, and quarterly EMAs are all in a bullish arrangement, with the current price (71524) stabilizing above all EMAs.

Trading Volume:

During the key breakout period (last night at 23:00), trading volume surged to 731. The trading volume in the most recent hour has exceeded the average of the strong two hours. Although the daily volume has declined, it remains above the 20-day average volume.

Strategy Suggestions:

Short Selling Suggestion: 72500-73000

Stop Loss Level: 73900-74100

Take Profit Level: 70500-70800

Long Buying Suggestion: 70500-70800

Stop Loss Level: 69100-69500

Take Profit Level: 73500-74000

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