Auntie dropped from a high of 2646 to a low of 2475 yesterday, and after some back and forth fluctuations, it has currently rebounded to around 2591. The market has formed several V-shaped reversals, indicating intense bullish and bearish competition.
From a technical perspective, all Bollinger Bands on the hourly level are firmly above the middle band, with short-term bulls in favor; although the MACD is still below the zero axis, the death cross has turned into a golden cross, indicating weakening bearish strength and clear signs of a rebound. Overall, in the short term, one can take a long position in line with the trend, but it's important to be quick in and out!
Auntie aims to trade in the 2550-2570 range, targeting the 2670 range
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