Recently, the price has fluctuated around 96,000, forming a narrow range of oscillation. The daily chart showed a long bullish candlestick on May 1, followed by a pullback in the following days.
MACD: The MACD on the 4-hour timeframe is in the negative region but gradually converging, indicating potential signs of a rebound. The daily MACD is still in a downtrend.
The 4-hour EMA7 and EMA30 have crossed upwards, with a short-term support level around 95,741. The daily EMA moving average system indicates that the long-term trend remains upward. The daily trading volume gradually weakened after peaking on May 1, suggesting a balance of power between bulls and bears.
