Bing Ge 3.18
Price remains stable above short-term moving averages (5-day, 10-day), MACD histogram growing above the zero axis, but KDJ indicator is approaching the overbought area, indicating a risk of a pullback. The Bollinger Bands are widening, and the price is running along the upper band, but the RSI (in the 60-80 range) is flattening, and MACD has not shown significant volume increase, indicating a weakening bullish momentum.
The $84,000-$84,500 range has been resisted multiple times; if broken, it may target $85,300; if it falls below the support of $82,500, it may test $81,200. After a stepwise increase, stagnation has occurred, with clear signs of MACD divergence, leading to increased short-term pullback pressure.
Going Long: If the price pulls back to the $82,500-$83,000 range and stabilizes, a small long position can be attempted, with a stop loss set below $82,000 and a target of $84,000-$84,500.
Going Short: Attempt a short position when a rebound meets resistance at $84,500-$85,000, with a stop loss above $85,500 and a target of $83,000-$82,500.
Conservative Strategy
Follow the breakout: After effectively stabilizing above $85,000, go long in the trend with a target of $86,000; if it falls below $82,000, wait and look for a stabilization signal in the $80,000-$81,200 support zone.
