- The daily level shows prices oscillating in the range of 105000 to 106800, with recent highs failing to break through the previous resistance level (106794.67), forming a long upper shadow, indicating strong selling pressure.
- The hourly level has shown a series of slight increases followed by a pullback, with highs gradually lowering, presenting a weak adjustment pattern in the short term.
2. Technical Indicators:
- The MACD on the hourly chart shows both the fast and slow lines above the zero axis, but the histogram is shortening, indicating weakening momentum; the daily MACD remains in the bullish zone but shows signs of divergence.
- The RSI on the hourly chart is at 55.99, close to the neutral zone, not entering overbought or oversold conditions; the daily RSI is 54.24, indicating market sentiment is relatively stable.
- The 7-period EMA crosses above the 30-period EMA on the hourly chart, but the 120-period EMA remains flat, with the trend still unclear; the daily EMA for 7, 30, and 120 periods shows a bullish arrangement, with the long-term trend still leaning upwards.
3. Trading Volume:
- The hourly trading volume has generally shrunk, reflecting a decrease in market participation, with short-term fluctuations potentially easing.
- The daily trading volume has increased, but has not reached extreme levels, indicating that the current market has not fully entered a one-sided trend. [Price Trend Analysis]
1. K-Line Pattern:
- The daily level shows prices oscillating in the range of 105000 to 106800, with recent highs failing to break through the previous resistance level (106794.67), forming a long upper shadow, indicating strong selling pressure.
- The hourly level has shown a series of slight increases followed by a pullback, with highs gradually lowering, presenting a weak adjustment pattern in the short term.
2. Technical Indicators:
- The MACD on the hourly chart shows both the fast and slow lines above the zero axis, but the histogram is shortening, indicating weakening momentum; the daily MACD remains in the bullish zone but shows signs of divergence.
- The RSI on the hourly chart is at 55.99, close to the neutral zone, not entering overbought or oversold conditions; the daily RSI is 54.24, indicating market sentiment is relatively stable.
- The 7-period EMA crosses above the 30-period EMA on the hourly chart, but the 120-period EMA remains flat, with the trend still unclear; the daily EMA for 7, 30, and 120 periods shows a bullish arrangement, with the long-term trend still leaning upwards.
3. Trading Volume:
- The hourly trading volume has generally shrunk, reflecting a decrease in market participation, with short-term fluctuations potentially easing.
- The daily trading volume has increased, but has not reached extreme levels, indicating that the current market has not fully entered a one-sided trend.