Yesterday it was mentioned that the $4400 position is not a resistance level; the major resistance is at 4600-4800. After the price surged to around 4640, a short-term pullback occurred.
The daily chart shows a long solid bullish candle, with trading volume steadily increasing. The power of capital is indeed strong; the rise is built on real money. The upward momentum in the short term is still present, and there is room for further increases, with the next target at 4800.
The daily MA30 line maintains an upward trend, and the MACD shows increasing upward momentum above the zero axis. Currently, it is following a rebound from the 12-hour EMA52 and the daily MA30 line, within a 4-hour MA30 line rebound, containing a 1-2 hour EMA52 line rebound, within a 5-minute rebound trend.
Short-term activists can go long on the 5-15-30 minute EMA52, while conservatives can wait to go long on the 1-2-4 hour EMA52.
The daily level resistance is at 4660-4880-5000, and support is at 4250-4090-3770-3460.
