3.20 Morning Analysis
From the 1-hour trend, the price has opened a unilateral decline from the 74246 high point and is currently pressured below the purple, cyan, and yellow moving averages. The moving averages show a bearish arrangement, and the short-term downtrend remains unchanged.
Recent rebound highs are gradually decreasing, with significant selling pressure around 71000. Bulls have failed multiple times in their counterattack attempts, with weak rebound strength and no effective reversal signals formed.
Current price support near 70179 is weak, with the key support at 68750 below bein
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