From the current market perspective, the technical indicators at the 4-hour level still maintain a bullish upward direction, but the green momentum bars are continuously decreasing in size. However, the candlestick pattern shows a 'bottoming tail', indicating that the support level in the short term is still confirmed. At the 12-hour level, the MACD has shown a death cross at the 0 axis, but the green momentum bars continue to increase in size. This warns us to be cautious of a trend reversal. Currently, the MACD indicator is showing a death cross above the 0 axis, and the RSI index is also above 60, indicating that the bullish forces dominate the market.
