#加密市场反弹
The price of the currency has rebounded around the 106,000 mark due to news influences, while the current price has risen to the upward trend line since the 4th and near the 5-day moving average. The 7-day Relative Strength Index (RSI) has risen to around 64, indicating that bulls are controlling the market. During the price rebound, the trading volume (VOL) is moderate, showing a balance in price increase. This indicates that there is still a significant divergence in the market as it approaches 110,000. Overall, the currency price is climbing above 110,000, and it is not advisable to excessively chase the bulls; consider appropriate selling actions!
On the upside: Initial resistance to be observed near the 110,000 round number! Further resistance to be observed near the upper Bollinger Band around 111,531!
On the downside: Initial support to be observed near the 106,000 round number! Further support to be observed near the 30-day moving average around 101,590 (only reachable with unexpected negative news stimulus).
