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On March 28th, Wednesday's session walked out of the high and falling market, and after the second dip of 69500 during the day, it came out of the shock upward, and the highest in the U.S. market rose to 71888, forming a false breakthrough to the previous high of 71649 and falling rapidly, and the lowest rebounded after testing around 68300, and the overall trend of maintaining a box shock sweep
At the daily level, after the continuous bottoming and absorbing chips, it rose and stood on the middle track, which is a strong performance of the bulls, as long as the price is above the middle track of 68000, the bulls dominate the market, but it is currently a period of adjustment after the pull-up, and this stage has plunged to wash off the bullish chips at the high level, so as to take a step closer
The rhythm belongs, pull up-adjustment-second rush, now in the second high adjustment stage, the halving market has not yet arrived, the previous high has not been broken, will not attract more retail investors to buy, at this time direct delivery can not form the maximum benefit, the end of the bull market, most of them are accompanied by the delivery of new highs
Therefore, it has been emphasized that the previous high of 73881 will be broken through again, and usher in a real unilateral market, is a crazy buying stage, but also the middle and later stages of market acceleration, when the market enters a completely crazy period, it is necessary to be vigilant whether it will reverse, and the conditions for reversal have been analyzed in detail in the previous article
In the short term, it is still to keep the bullish idea above 68000 unchanged, the market framework has changed from a weak adjustment to a second rush, which will not be easily reversed, and the pressure will continue to rise in the early stage, which is the most common trend, and yesterday just tested the rebound near 68300, which can be seen the existence of demand below
To sum up, the general trend continues to see a new high, the short-term is in the adjustment period of the second bottom, there will be sweeping behavior during this period, but keep above 68000 only to keep bullish, the hourly line is above the perfect trend line band, the short-term support in the day is near 69000, today continues to be more than 69000-68000 area, the target continues to see 71000-71600 after the breakthrough to see 73400