From the 4-hour perspective, today's trend is fluctuating, and the Bollinger Bands are narrowing. The MA indicators show bearish signs, with MA5 crossing below MA10 to form a death cross, indicating a downtrend. Currently, it is at the support line of the middle band of the 4-hour Bollinger Bands; if it stabilizes, it may attempt to test 4280-4300. The MACD indicator shows both lines are growing parallel below the zero axis, but the fast line may cross below the slow line at any time to form a death cross, leading to a decline in the market. The RSI indicator is in the overbought region, and the two lines are about to cross from below to above, forming a golden cross, indicating a potential rebound in the market. Overall, we are currently in a phase of consolidation with a slight downward trend. If we break upwards and stabilize above the hourly line of 4240, we will continue to surge upwards. Resistance levels: 4280, 4310, 4380, 4420 Support levels: 4210, 4170, 4100, 4010
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Technical Analysis
From the 4-hour perspective, today's trend is fluctuating, and the Bollinger Bands are narrowing. The MA indicators show bearish signs, with MA5 crossing below MA10 to form a death cross, indicating a downtrend. Currently, it is at the support line of the middle band of the 4-hour Bollinger Bands; if it stabilizes, it may attempt to test 4280-4300. The MACD indicator shows both lines are growing parallel below the zero axis, but the fast line may cross below the slow line at any time to form a death cross, leading to a decline in the market. The RSI indicator is in the overbought region, and the two lines are about to cross from below to above, forming a golden cross, indicating a potential rebound in the market.
Overall, we are currently in a phase of consolidation with a slight downward trend. If we break upwards and stabilize above the hourly line of 4240, we will continue to surge upwards.
Resistance levels: 4280, 4310, 4380, 4420
Support levels: 4210, 4170, 4100, 4010