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3.30 Monday Early Morning Market Analysis and Trading Strategy
The evening market moved upward from around 66,400 to approximately 66,900, then gradually retreated to around 66,300 to maintain sideways movement. The secondary product declined from 2007 to around 1982, then remained in a small range with slight fluctuations.
From a technical perspective, the weekly chart shows a bearish shrinking divergence pattern, forming two consecutive candles with upper shadows; the monthly chart is gradually closing, also showing upper shadow candles. The market has dipped and is moving near the lower Bollinger Band, with key support levels around 60,000 and 55,000. The daily chart indicates a significant increase in bearish momentum, with the price touching near the lower Bollinger Band. The four-hour chart shows a gradual increase in bullish momentum, with small-range oscillations and a move toward the middle band; the hourly chart remains in a narrow sideways range.
Monday Early Morning Trading Recommendations:
Main product: consider long positions around 66,200-65,700, targeting 67,500-68,000;
Secondary product: consider long positions around 1,985-1,955, targeting 2,040-2,070.