3.17 Market Observation: Testing and Analysis of Bull Market Support Zone

Before discussing the current market situation, we need to understand a basic logic of market operation, which is that any price rebound occurring during a bear market phase is essentially a process of backtesting the bull market support zone. In terms of the current market situation, this key support zone is roughly located within the range of 81000 to 86000.

Although we are experiencing the strongest wave of rebound in the current bear market cycle, friends still need to maintain rational judgment, as the current position cannot be regarded as the absolute bottom of the market. Once this strong rebound fully releases and comes to an end, the overall market direction will continue to evolve accordingly, gradually entering the second half of the bear market phase.