On the daily chart, the price initiated a consecutive rally after testing the Bollinger middle band, and has now effectively stabilized above the 73,000 level while breaking through previous resistance. The converging structure is facing a directional choice, and medium-term upward momentum is strengthening. On the 4-hour shorter timeframe, there is a continuous upward attack pattern forming. Although some indicators have entered overbought territory, buy-side momentum shows no signs of weakening. The Bollinger channel maintains an upward expansion trend, leaving ample room for further gains.
**Trading Suggestions**
Go long on pullbacks to around 72,800-72,300. Target upside at 74,000-74,600. On breakout, continue to target 75,000.
March 17 Early Morning Analysis
**Daily Chart Analysis**
On the daily chart, the price initiated a consecutive rally after testing the Bollinger middle band, and has now effectively stabilized above the 73,000 level while breaking through previous resistance. The converging structure is facing a directional choice, and medium-term upward momentum is strengthening. On the 4-hour shorter timeframe, there is a continuous upward attack pattern forming. Although some indicators have entered overbought territory, buy-side momentum shows no signs of weakening. The Bollinger channel maintains an upward expansion trend, leaving ample room for further gains.
**Trading Suggestions**
Go long on pullbacks to around 72,800-72,300. Target upside at 74,000-74,600. On breakout, continue to target 75,000.
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