The short-term market has retreated after a peak, currently progressing in a slow downward trend. The overall structure remains unchanged, with the bullish trend still dominating. The pullback after the rise is a common occurrence in the market, and future observations should focus on the rebound direction after the retracement.
In the four-hour chart, the price is also solidly above the midline. After briefly touching the upper line, the K-line has retreated with a small bearish candlestick, and the pullback intensity is mild, aligning with expected market adjustments. The KDJ indicator is consolidating at a high level, indicating signals of a pullback correction, but the extent of the pullback is expected to be limited. It is suggested to primarily accumulate at lower levels.
On the hourly chart, after a brief pullback, the price begins to form a small range of sideways consolidation near the current price level, showing that there is a certain divergence and game between the bulls and bears at this position. In the MACD indicator, although the fast line DIFF and the slow line DEA still maintain a golden cross upward trend, the red momentum bars have slightly diminished, indicating a slight weakening of upward momentum. However, no death cross signal has appeared yet, and bullish strength still exists.
