3.11 Wednesday Morning Market Analysis:



The market dipped to around 65,600 and then rose in a wedge pattern to around 71,700 before pulling back to around 69,500. Currently, the overall market is oscillating and consolidating within the 69,000-72,000 range.

The asset moved in a stepped manner from a low of around 1,906 to approximately 2,088 before retreating to around 2,015.

From the current weekly K-line structure, the market shows a shrinking bullish pattern with decreasing volume. In the short term, focus on resistance around 74,000 and support around 60,000. The daily structure shows increasing bullish momentum with two consecutive positive candles; watch for resistance near 71,800 and support near 67,800. The four-hour level shows a shrinking bullish pattern with a doji star indicating sideways oscillation; support is around 68,500, and resistance is between 70,500-71,500, with a support level at approximately 69,300. Short-term trading is within a range-bound oscillation.

Wednesday Intraday:

Market around 70,100-70,600, look for a move towards 68,500-68,000.

Market around 2,040-2,070, look for a move towards 1,995-1,965.
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Akeruvip
· 27m ago
Wishing you great wealth in the Year of the Horse 🐴
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