Recently, the market has shown a strong upward trend, with overall resistance encountered around 2585. Market sentiment and indicators have further potential to push higher.
In the short term, there is a likelihood of continuing to test the resistance near 2585, but attention needs to be paid to the risk of a pullback, especially in cases where price divergence is significant and indicators are overheated.
In terms of operation, it is advisable to cautiously chase the rise in the short term but to set reasonable stop-loss levels and closely monitor the effective breakthrough of the 2585 resistance level; the mid-term strategy suggests continuing to hold long positions and adding to positions when there is a pullback to key support levels. Attention should also be paid to the pullback risk following excessive expansion of the Bollinger Bands.
From the candlestick pattern, the recent price has shown a belt hold line, indicating strong upward momentum.
The TRIX line and MATRI line have formed a golden cross, and the momentum bars are expanding, indicating that the market is in an upward trend, with a short-term bullish bias.
Running at the upper Bollinger Band, it indicates that the current market is in a strong upward phase, but attention needs to be paid to the pressure at the upper band.
The MA7 and MA30 are in a bullish arrangement, providing support to the price in the short term, with strong upward momentum.
Continuously monitor: BONK FUN VIC SUI XRP PEPE TON AAVE SOL
