Candlestick Pattern:


On April 12 at 01:00, a long bullish Candlestick (+1138 points) appeared, followed by the formation of a high-level oscillation structure.
The current price is running below the historical resistance zone of 83500-84300, with significant pressure at the integer level. 84800 is a key resistance level in the near term, and a breakout would open up upward space.
The 1-hour level has tested the 83150 support level multiple times without breaking, forming a short-term bottom structure.
Technical Indicators:
MACD: After the death cross on the 1-hour chart, the fast and slow lines cross below the zero axis (DIF632/DEA695). The daily line is still in the bearish zone, but the green bars are narrowing (-1224/-1424).
RSI: 1-hour level 58 neutral to weak, 4-hour maintains strong zone at 60, no divergence observed across multiple periods.
EMA: The 7-day moving average of 83321 forms intraday resistance, while the 30-day EMA of 82384 and the 120-day EMA of 80994 maintain a bullish arrangement.
Trading Volume:
On April 11th, there was a surge accompanied by a massive trading volume (34,435), followed by a volume contraction adjustment that conforms to the characteristics of a healthy pullback.
The current 1-hour trading volume has dropped below the 200 moving average (194 vs 608 previous value), and we need to be alert to the risk of a trend reversal.
[Buy and Sell Levels]
Buy point one: 82500 (previous low support near 82695, psychological support at the round number)
Buy Point 2: 81500 (above the EMA120 moving average of 80994, strong support area)
Long Position Stop Loss: 81000 (Stop loss if it falls below the EMA120 moving average, risk is controllable)
Sell point one: 84000 (recent high point pressure level below 84300 integer threshold)
Sell point two: 85000 (Looking at the integer level of 85000 after breaking 84300)
Short stop-loss point: 85500 (stop loss after breaking 85000, reasonable risk-reward ratio)
Note: The current trend is mainly fluctuating, it is recommended to operate with a light position and strictly set stop losses.
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