From the 4-hour chart, it is currently in a rebound after falling below the lower band of the Bollinger Bands, but it has not effectively formed a breakout to hold above the middle band line at 4309. The Bollinger Bands are narrowing, and the middle band is trending upwards, corresponding to a price rise. The three lines of the Bollinger Bands correspond to prices 4230--4309--4388. From the 4-hour chart, the volume of long positions is gradually increasing, and after holding above the middle band line, there may be an upward attempt to test the upper band.
The 4-hour chart's short-term MA indicator has formed a golden cross and is trending upwards, indicating that the market has entered a pump phase. After the golden cross on the hourly chart, the short-term moving averages have entered a parallel state, but the long positions' volume is beginning to weaken. At this time, the market is running between the 5-day moving average and the 10-day moving average, and there will be a period of consolidation as it chooses a direction. The MACD indicator on the hourly chart is in a downward phase above the 0 axis, with the fast line showing a downward trend of a death cross. The volume of long positions is starting to weaken. On the 4-hour chart, it shows a double upward movement below the 0 axis, with a continued rise having the hope of crossing the 0 axis. Currently, it is in a parallel upward trend after a golden cross below the 0 axis, with the volume of long positions starting to weaken. The RSI indicator is in the overbought phase with corresponding values of 84.9---69.5. Currently, the dual lines continue to rise, and the market is experiencing a volatile pump. However, continuing to rise may also be accompanied by some fall corrections or lead to an accelerated rise in the market. Conclusion: low-level sideways oscillation Resistance: 4340, 4390, 4490 Support: 4230, 4200, 4160 Short strategy: Establish a short position around 4390, add to the position at 4450, and set a stop loss if it holds above 4500. First take profit: 4280 Second Take Profit: 4160 Long strategy: Establish a long position near 4260, add position at 4120, stop loss if it falls and holds below 4100. First take profit: 4360 Second take profit: 4450
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From the 4-hour chart, it is currently in a rebound after falling below the lower band of the Bollinger Bands, but it has not effectively formed a breakout to hold above the middle band line at 4309. The Bollinger Bands are narrowing, and the middle band is trending upwards, corresponding to a price rise. The three lines of the Bollinger Bands correspond to prices 4230--4309--4388. From the 4-hour chart, the volume of long positions is gradually increasing, and after holding above the middle band line, there may be an upward attempt to test the upper band.
The 4-hour chart's short-term MA indicator has formed a golden cross and is trending upwards, indicating that the market has entered a pump phase. After the golden cross on the hourly chart, the short-term moving averages have entered a parallel state, but the long positions' volume is beginning to weaken. At this time, the market is running between the 5-day moving average and the 10-day moving average, and there will be a period of consolidation as it chooses a direction.
The MACD indicator on the hourly chart is in a downward phase above the 0 axis, with the fast line showing a downward trend of a death cross. The volume of long positions is starting to weaken. On the 4-hour chart, it shows a double upward movement below the 0 axis, with a continued rise having the hope of crossing the 0 axis. Currently, it is in a parallel upward trend after a golden cross below the 0 axis, with the volume of long positions starting to weaken.
The RSI indicator is in the overbought phase with corresponding values of 84.9---69.5. Currently, the dual lines continue to rise, and the market is experiencing a volatile pump. However, continuing to rise may also be accompanied by some fall corrections or lead to an accelerated rise in the market.
Conclusion: low-level sideways oscillation
Resistance: 4340, 4390, 4490
Support: 4230, 4200, 4160
Short strategy: Establish a short position around 4390, add to the position at 4450, and set a stop loss if it holds above 4500.
First take profit: 4280
Second Take Profit: 4160
Long strategy: Establish a long position near 4260, add position at 4120, stop loss if it falls and holds below 4100.
First take profit: 4360
Second take profit: 4450