Yesterday, we were just a few hundred dollars away from hitting the 8-hour EMA52 line we provided, and then a nice rebound occurred, bringing the price back above $120000. It is still in a high range consolidation.
The daily line is a bullish candle with upper and lower shadows, and the trading volume is slightly larger than the previous day. The daily MA30 line maintains an upward trend, and the MACD is entangled above the zero axis.
The rebound on the 2-day line has not ended; currently, it has only reached the 8-hour line, with the 12-hour and daily lines yet to come. Therefore, it is highly likely to continue consolidating in a high range without a sharp drop, still gradually seeking support.
Next, at the 12-hour EMA52 line (114400 can continue to go long)
Daily level resistance at 120000-131700-150000, support at 113600-111800-105100-100500
