(Time-sensitive)
Overall trend observation:
• Daily level: Prices fluctuate within the 2540-2560 range, currently at the upper edge of the consolidation zone, showing a bullish trend. The daily MACD histogram has turned from green to red, and in the DMI indicator, DI+ is moving up while DI- is moving down, indicating strengthening bullish force.
• 4-hour line: Prices continue to rise, with a clear short-term upward trend, breaking through previous highs. Both MACD and DMI indicate strengthening bullish momentum.
• 1-hour line: After a price pullback, there was a rapid rebound, with a MACD golden cross, and the bullish side (DI+) leading the bearish side (DI-). Stoch RSI remains strong after correcting at a high level.
• 30-minute line: The price breaks through the short-term consolidation zone and moves strongly upwards, with increasing momentum.
Key support and resistance levels:
• Support levels: 2520, 2480
• Resistance levels: 2580, 2620
Entry strategy:
• If the price retraces to the 2520-2540 range and finds support, consider entering a long position.
• If the price breaks through 2580 and stabilizes, consider chasing long positions.
Stop loss setting:
• Conservative stop loss: below 2500.
• Aggressive stop loss: below 2520.
Moving take profit suggestion:
• If the price reaches 2580, move the take profit to 2540.
• If the price reaches 2620, move the take profit to 2560.
Risk Reminder:
• Currently, the price is quite volatile; it is recommended to control leverage and position size, and it is not advisable to increase positions recklessly.
• If the price falls below 2520 and it is confirmed that it cannot rebound, it is recommended to stop loss immediately.
• Fibonacci retracement line: The current price of 2537 is located within the range of 0.5 (2074.00) and 0.618 (2605.14), indicating that the price is testing the 0.618 resistance area.