Today's market situation

From an hourly perspective, the Bollinger Bands' three lines are converging, corresponding to 122-116, with the middle line at 119. The current K-line is positioned above the middle line.

The ma5 and ma10 have formed a death cross downwards, with ma5 corresponding to 121 and ma10 also corresponding to 121. The hourly view indicates that the market is entering a downtrend.

From the 15-minute view, the K-line chart shows the Bollinger Bands forming a trumpet shape. The coin price is below the middle line and has remained stable below the lower line for a long time before continuing to rise.

Support below is at 119 and resistance at 121.

The MACD indicator shows two lines crossing downwards, with bearish volume weakening.

The RSI indicator shows two lines forming a cross downwards, indicating a market pullback.

The corresponding values are between 44-46.

Overall, the market is in a pullback with support below, and it has not broken through the previous low for a long time, leading to a rebound upward.