Pancake Technical Indicator Signal Analysis, it must rise! The 100k mark will undoubtedly be broken
First, let's look at the momentum indicators
MACD: After high-level convergence, a golden cross is formed, short-term bullish momentum is strengthened, the only concern is the lack of momentum sustainability.
OBV (On-Balance Volume): After the high level in April, momentum has weakened, and the inflow of new funds has slowed down. If it continues to decline, it may weaken the upward trend.
Overbought/Oversold Signals
RSI: Current value 52-58, in a neutral to bullish range, not reaching overbought levels, but attention is needed if it breaks 60 for sustained momentum.
KDJ: The J line is dull at a high position, and the K line is turning down, indicating short-term pullback risk.
Short-term moving averages (MA5, MA10) are converging, but medium to long-term moving averages (MA60, MA120) are still in a bullish arrangement, supporting the mid-term bullish logic.
In summary, it can be concluded in three words: It must rise!
The possibility of an upward trend is greater than that of a downward trend