3.19 Morning Analysis

On the 1-hour chart, the price is recovering from a low point, completing a rapid bottoming process, and establishing a bullish trend. The current price is stabilizing at the lower Bollinger Band and gradually regaining multiple moving averages, with rebound momentum continuously strengthening. The KDJ indicator is turning upward from the oversold area, breaking through the 50 midline, forming a clear reversal signal.

At the stage low of 70456, there is strong support, and the rebound has broken through the half-point of the previous large bearish candle. The buying support below is strong, and the short-term probability of continuing a volatile upward trend is high. In terms of operations, it is recommended to rely on moving average support for low long positions, with the first resistance zone to watch at 71700-72200, and if broken, further looking towards above 73000.

Operation suggestion: Buy at 70500-70000, target 72500-73000