A decline at the hourly level has retraced, and the price has returned to near the daily EMA52, forming a rebound at the hourly level.
The daily line is a small bearish candle with a long lower shadow. The trading volume is larger than the bullish trading volume of the previous two days, but it still belongs to normal trading volume. The daily MA30 line maintains an upward trend, and the MACD continues to return to the zero axis, showing a weakening of the downward momentum.
The price is still below the daily MA30 line. As long as the price does not break through the daily MA30 line, the oscillating trend will continue.
Currently, we are still waiting for the MACD to return to the zero axis and for a golden cross of the fast and slow lines to confirm the effectiveness of the daily line rebound.
Currently, we are experiencing a rebound in the 1-day line within the 2-day line rebound, encountering the 4-hour EMA52 line, showing insufficient downward momentum.
Short-term operations can be initiated with short positions at 114295 and 114947, and long positions at 113378 and 112810.
