# 3-19 Midday Analysis



**Technical Perspective**

On the 4-hour timeframe, the lower Bollinger Band support has demonstrated effectiveness. After price tested downward, buying pressure has been strong. The previous downtrend of four consecutive bearish candles has been effectively contained, with the K-line bouncing from the bottom and closing bullish, preliminarily confirming bottom support.

**Indicators Released Positive Signals Simultaneously:**
- KDJ indicator formed a golden cross in the oversold zone and turned upward; short-term rebound momentum is gradually strengthening
- MACD green histogram continues shrinking and converging; bearish momentum is weakening, bullish strength is gradually returning, and market sentiment is recovering

**Trading Recommendations**

Accumulate long positions in batches around 70000–70500, with targets toward 73000-74000

After breakthrough and stabilization, further upside can be targeted toward 76000
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin