Feige's Analysis of Today's Market
Recent prices have shown an upward trend, but short-term momentum is weakening, oscillating from the upper band of the Bollinger Bands back to the middle band. In the short term, it may continue to oscillate; if it further retraces, it could test the lower band support at 3733.10; if it stabilizes at the middle band and rebounds, it may challenge the resistance at 3878.00.
Short-term traders should not chase the rise and may wait for the middle band to stabilize before trying a small long position, with a stop loss below the middle band. Swing traders should reduce their positions or stay on the sidelines if the middle band is broken, waiting for a rebound opportunity near the lower band. Long-term investors can hold their positions, set reasonable stop losses, and pay attention to the support at 3670.00; if it is lost, they need to adjust their strategy.
Technically, there is a dark cloud cover at high levels, indicating a risk of a short-term pullback. MA7 is flattening, and MA30 is leaning bullish but showing short-term retracement. Prices are between the middle and upper bands of the Bollinger Bands, with an expanding opening and increased volatility.
Buy point at 3820 USDT, long defense at 3730 USDT; sell point at 3870 USDT, short defense at 3915 USDT.
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