Personal opinion, for reference only
1. Overall Analysis
Recently, prices have been oscillating overall below the moving averages, indicating a weak market, with unclear short-term direction, but MACD shows preliminary signs of rebound.
In the short term, the bullish three soldiers pattern and MACD indicator suggest that the market may be in the early stage of a short-term rebound, but the overall bearish arrangement of moving averages and EMA indicators indicates limited rebound strength, and there may still be risks of pressure and fluctuations. Attention should be paid to the breakout situation near the key level of 400.0.
Suggestion: Currently, the market signals are not clear enough. Conservative investors may choose to wait for clearer breakouts or reversal confirmations before taking action; aggressive investors can try short-term long positions with light holdings, setting stop losses below the support level of 347.4, while paying attention to the performance at the resistance level of 400.0. Heavy trading is not recommended. Long-term, it is still necessary to observe whether the price can effectively break through and stabilize above the MA120 moving average to confirm the reversal trend.
2. Technical Analysis
Candlestick pattern: Recently, a bullish three soldiers pattern has appeared, indicating a possible short-term rebound; previously, there was a 'dark cloud cover' pattern, suggesting potential pressure in the medium term.
MA: Short, medium, and long-term moving averages show a bearish arrangement, indicating the market is overall weak, with prices hovering below the moving averages without forming a breakout.
MACD: The DIF line crosses above the DEA line, but the indicator is still below the zero axis, indicating short-term rebound momentum, but the overall trend has not yet reversed.
EMA: EMA for short, medium, and long periods is also in a bearish arrangement, and the rebound strength is insufficient, making it difficult to form an effective breakout against recent pressure.
3. Potential Buy and Sell Points
Buy point: 389.5 USDT (previous low point provides support, with a short-term rebound trend, and MACD shows increasing bullish momentum.)
Long position stop loss point: 365 USDT (breaking below an important support range, confirming a clear downward trend.)
Sell point: 420 USDT (approaching the moving average resistance area, also near recent high points, indicating selling pressure.)
Short position stop loss point: 436.9 USDT (breaking through an important high point, indicating the continuation of the upward trend, shorts need to stop loss and exit.)
