Personal insights, for reference only
1-hour cycle price trend: Consolidation
1. Overall Analysis
Recently, the price has fluctuated around 2554.00
In the short term, the market is in a downward consolidation trend, but MACD indicates there may be a rebound demand in the short term. However, both EMA and MA show that downward pressure still exists, and the current price is below all major moving averages. Overall, the bearish trend dominates.
Suggestion:
Short-term operation: Although the current price shows signs of rebound, there is obvious resistance above (such as 2879.22 and various period moving averages). Short-term traders need to control risks and consider reducing positions or taking light short positions near the resistance area.
Medium to long-term operation: Pay attention to the performance of the support level at 2381.49. If the price breaks below this support level, it is recommended to maintain a wait-and-see approach and avoid bottom fishing. If the price can stabilize at this support level, gradually attempt to build long positions with light positions.
Comprehensive strategy: The current market trend is not yet clear. It is recommended to control positions and maintain flexibility. Focus on the changes in MACD green bars and whether the moving averages show obvious turning points. If the price can re-establish above the medium to long-term moving averages (such as MA60), it may indicate the beginning of a trend reversal.
2. Technical Analysis
K-line pattern: The black three soldiers pattern suggests a continuation of the short-term downtrend. Recently, a local top has formed a top split, but the current bottom split provides temporary support.
EMA: The short-term EMA has fallen below the medium and long-term EMAs, and the moving averages are diverging downwards, indicating a continuous strengthening of bearish momentum.
MA: The short-term moving average is declining, and the price has fallen below the long-term moving average, showing that the market trend is gradually weakening.
MACD: The rebound strength after the bottom golden cross of DIF and DEA is limited, and the green bars have not continued to expand, indicating weak bullish momentum.
