This week, for four consecutive trading days, US spot ETFs have received large net inflows, fully supporting the rise of sugar oranges, and the "Trump deal" has reappeared. Volatility has not risen synchronously, and the larger market is still not mature, and it will take some time.
1-hour MACD top divergence, 4-hour may form a dead cross, short-term technical correction, the correction range is limited.
1. Weekly: MACD has converged below the zero axis for six consecutive weeks, and may form a golden cross above the zero axis; the volume forms a head and shoulders bottom, and the probability of forming an upward trend is very high, and the probability of forming the next round of upward trend in the medium and long term is very high.
2. Daily: Breaking through all moving averages of 200 days and below, the long arrangement is in the process of formation. After MACD forms a golden cross above the zero axis, the column line continues to diverge, and there is no sign of weakening bullish momentum; the 30-day volume average continues to rise, and the probability of further rise and challenging the upper pressure is high.
3.4 hours: The moving average forms a bullish arrangement; the MACD column line shows a top divergence, and the two lines may form a dead cross. The volume shows a significant decline, but it is still above the 30-period average. There will be a technical correction in the short term, and the correction range is limited.
[Prediction]
1. Short-term: technical correction. Support: 66500~66000.
2. Medium and long-term: bullish, pressure: 70000~71000.
