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5.11 Concubine Evening Analysis
Concubine evening encountered resistance and retreated at the 2339 level, with the lowest point reaching around 2326 to complete a second bottoming. The current price is 2329, and the retest did not break the key support, indicating a healthy correction during the upward process, with the momentum of sharp declines quickly diminishing.
The three lines of KDJ are expected to form a golden cross at the low position, with the J value only at 3.57. After severe overselling, the recovery demand is strong, and a rebound could start at any time; the support strength is sufficient, ATR is stabilizing, and volatility is about to increase.
Operation suggestions:
Concubine in the 2300-2310 range for buying, firmly bullish if it does not break the 2326 support level, with short-term targets aiming at the previous high of 2350-2360. A breakout would open up upward space.
$BTC $ETH #Gate广场五月交易分享 #山寨币资金回流 #特朗普5月13日访华