1. Overall Analysis
Recently, the overall price has shown a volatile upward performance, encountering resistance at the previous high of 111980 and then experiencing a pullback. Currently, the price is fluctuating around 105590.
In the short term, based on the pullback signals from the K-line patterns (recent hammer line, doji, and top division type appearances), the SKDJ and KDJ death cross in indicator analysis, the elongation of the MACD green bars, and the shrinking trading volume state, the market may continue to be in a consolidation state in the short term, with the possibility of further exploration downwards. However, considering the existence of the current support level of 94511.34, the downside space may be relatively limited. Although there are signs of increasing capital inflow, the overall volume is relatively weak and has not formed strong rebound momentum.
In the medium term, the consolidation pattern may continue. Once the price effectively breaks through the resistance zone of 111980, it is expected to further extend the upward trend. However, if it continues to hover around 105590 or loses the current support, we need to be cautious of a weakening market sentiment that may lead to searching for lower support levels.
Advice: For short-term operations: Given that the market is still in a wait-and-see and speculative state, during price fluctuations, you can look for short-term turning points to perform high selling and low buying operations based on TD series overbought and oversold signals. Currently, pay attention to the support level around 94511.34, and you can moderately buy on dips below. The short-term resistance level is focused on the range of 111563.69 to 111980, and short positions can consider gradually taking profits.
For medium to long-term holders: If you are holding positions, you can continue to patiently wait for clear trend signals to appear, and it is recommended to focus on changes in volume and the further performance of indicators. Once the trading volume continues to rebound and the price breaks through the previous resistance of 111980, the upward trend will be confirmed, and you can increase your position to follow the trend. Conversely, if the current support is lost and the MACD bearish signal continues to amplify, you need to decisively reduce your position to control risk.
Core Focus: It is necessary to closely track changes in trading volume, the bottom repair dynamics of MACD and SKDJ in the near future, while paying real-time attention to market capital flow and other auxiliary indicator signals to find key nodes for market direction selection.
Currently, the market is still primarily in a consolidation adjustment in the short term, but once a breakout occurs accompanied by an increase in volume, it will determine the overall trend structure moving forward. It is imperative to pay attention to risk management and stop-loss settings during operations.
2. Technical Analysis
K-Line Pattern: June 13th hammer line and bottom division type, indicating a short-term reversal; June 15th doji, indicating a possible reversal; June 16th top division type, showing signs of a short-term pullback.
Fundflow: Capital inflow is gradually strengthening but has not yet formed a strong trend; the market sentiment is heavily wait-and-see, and the overall state is in consolidation.
SKDJ: The indicator is in the neutral to weak zone, with recent death cross patterns showing a decrease in short-term market momentum, or entering a high-level consolidation.
KDJ: The indicator is in the neutral zone, J value is weak, short-term momentum is insufficient, and the market may maintain a sideways consolidation.
Volume: Recent trading volume has shrunk, average line remains flat, market buying and selling power is balanced, and the trend is not yet clear.
MACD: DIF and DEA form a death cross and continue to diverge, indicating that the current market is in a bearish-dominated situation with significant downward pressure.
Custom TD Indicator Strategy_Copy: Signal indicates short-term turning points accurately, the market is mainly in consolidation, providing opportunities for short-term pullbacks and rebounds prediction.
3. Potential Buy and Sell Points
Buying Point: 100500 USDT (Close to the recent low of 100372, or forming support, with a chance of a technical rebound)
Long Position Stop Loss Point: 99400 USDT (If it falls below the previous low, it confirms that the market may further explore downwards, indicating a trend reversal)
Selling Point: 110000 USDT (Close to the previous high of 110530 and the key resistance level of 111980, with a risk of selling pressure)
Short Selling Stop Loss Point: 112000 USDT (If the price breaks through the previous high of 111980, it indicates that the upward trend may continue, and short positions need to stop loss)
