Currently in a wide-range rally at the upper band, the bullish trend is not broken, and overall remains relatively strong.
Short-term moving averages are converging, and the direction is not very clear, but the price is steadily holding above the MA20, indicating no major issue with the overall trend. The MACD death cross is just a normal correction from a high level, with weak momentum; RSI is not overbought, and KDJ has entered oversold territory, so short-term decline is limited, and a rebound is highly expected.
Trading Recommendations Aggressive: 72,800-73,000 Light long positions with low leverage Stop-loss: 71,800 First target: previous high at 74,000, and if broken, then 75,000
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March 5, 2026 Morning Trading Strategy
Currently in a wide-range rally at the upper band, the bullish trend is not broken, and overall remains relatively strong.
Short-term moving averages are converging, and the direction is not very clear, but the price is steadily holding above the MA20, indicating no major issue with the overall trend. The MACD death cross is just a normal correction from a high level, with weak momentum; RSI is not overbought, and KDJ has entered oversold territory, so short-term decline is limited, and a rebound is highly expected.
Trading Recommendations
Aggressive: 72,800-73,000 Light long positions with low leverage
Stop-loss: 71,800
First target: previous high at 74,000, and if broken, then 75,000