Evening market analysis on October 23, 2023: The asset dropped from a high of 3746 to around 3640 (short-term Fibonacci 0.382), with a lowest point of 3625, a decrease of 3%. Although the 15-minute line at 19:45 showed an increase in volume, the lower shadow was only 0.35%, which is not a suitable entry point for long positions.

Looking at the 4-hour line, the current price has a pullback point at 3600 (0.5 position), with MACD showing a death cross downwards, but the price-volume line (PTV) remains high, showing no obvious staircase-like retreat, and the trading volume has not seen a significant increase, indicating a short-term adjustment state. The RSI is at the midline position and is opening upwards.

On the hourly line, the asset is below the hourly K price channel line at 3625, with the midline at 3667 and the upper line at 3709. MACD shows a downward trend below the water level, with no reversal seen; the price-volume line PTV fell at 18:00, and the RSI indicator is at 37, also indicating no reversal of the downward trend, so patience is required.

Earlier, the support level at 3625 was emphasized; according to my coded indicators, the 15-minute line still shows continuous green bars, and the MACD middle K line continues to show a downward trend. We need to wait for the short positions to release, with increased volume and a long lower shadow (exceeding 0.5%). Thus, both left-side and right-side trading exist.

Trading strategy: Long positions can be considered at the 3625-3600 level, targeting up to the 3680 level. The lower shadow may probe down to the 3610-3600 level; wait for the lower shadow to appear and for an increase in volume. Specific strategies can be found by adding my official account. 85908474092531320841422934779486250926474900