Four-hour early report

Current price: around 2,328.85
Key moving averages:
MA20: approximately 2,346.12 (short-term resistance level)
MA60: approximately 2,252.53 (mid-term support level)
24-hour data: highest price 2,368.00, lowest price 2,283.33, trading volume 5.64B USDT, open interest 3.83B USDT
Funding rate: 0.0012% (near neutral, market bullish and bearish sentiment relatively balanced)
2. Price trend and moving average analysis
Trend direction:
The price has recently been in an upward channel overall, with MA20 and MA60 diverging upward, indicating a medium-term bullish trend.
However, the current price has broken below MA20, showing short-term weakness and entering a consolidation phase.
Key support / resistance levels:
Short-term resistance: MA20 (around 2346), previous high 2368
Short-term support: 2300 integer level, previous platform around 2283
Mid-term strong support: MA60 (around 2252). If broken, the upward trend may be disrupted.
3. Volume and MACD indicator analysis
Volume:
During recent upward movement, volume has increased, indicating buying momentum; during the current correction phase, volume has not significantly increased, showing no signs of panic selling.
MACD indicator:
DIF line has crossed below DEA line, forming a death cross, and the histogram has turned green, indicating short-term bullish momentum is weakening, and correction pressure is increasing.
However, DIF line remains above zero, and the mid-term bullish trend has not fully reversed, leaning more towards a normal correction after an upward move.
4. Overall assessment and trading reference
Short-term (4-hour level):
Price breaking below MA20 + MACD death cross signals a correction, likely to oscillate between 2280-2350, testing support validity.
Mid-term (daily extension):
MA60 remains upward, and the overall bullish trend has not changed. As long as it does not break below the 2250-2280 range, the upward trend may continue.