【Eye of the Storm Warning】$KAITO current price 1.93 trapped in "Bollinger Coffin Board"!
This trend is like walking on a tightrope! The five-minute K-line just surged to 1.9265 before being smashed down, leaving a long upper shadow, clearly indicating that large funds are retreating. The price is now oscillating in the increasingly narrow range of 1.8050 to 1.9566, as if trapped in an iron cage, and the short-term moving averages have flattened, indicating that both bulls and bears are exhausted.
Key data to remember:
Trading volume has shrunk significantly, with only 1.85 million USD in daily trading volume, nearly a quarter less than the average level of 2.38 million over the past five days, and both buyers and sellers have laid flat.
The dog dealer took advantage of the US CPI data release to stir up trouble, with a "Heaven and Earth Needle" at three o'clock first exploding the long positions above 1.95, then pulling back to 1.82 to explode the shorts, playing a good double kill.
Technical indicators are all flashing red: MACD has a dead cross below the zero axis, and RSI is hovering around 36.7, and this situation looks quite terrifying.
Keep a close eye on the lifeline:
If it breaks down below 1.8050 with volume, it will head straight for the support level of 1.70 on May 12.
If it can break through 1.9566 with volume, the 2.0 mark may be touched, as the chips from last September have long been washed away.
Focus on tonight's news from the Federal Reserve, the interest rate decision at 8:30 is the market detonator.
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