1. Technical Signals
- Moving Averages: Current price (83,827) is below MA(7) (84,068) and MA(25) (84,368), but close to MA(99) (83,834). Short-term pressure is present, need to watch if it can stabilize above MA(99).
- MACD: DIF (2.9) and DEA (87.6) gap is widening, MACD histogram is -84.7, downward momentum still exists, but if the histogram shortens, it may indicate a short-term rebound.
- RSI: RSI(6)=37.0 is close to the oversold zone but hasn't reached extreme values. If it further drops below 30, it may trigger an oversold rebound.
- KDJ: J line (48.5) is below K and D lines, indicating short-term weakness may continue to fluctuate.
2. Key Price Levels
Support Levels: 83,500 (24-hour low), 83,000 (psychological level), 82,200 (recent low).
- Resistance Levels: 84,500 (24-hour high), 85,000 (round number), 85,500 (near MA(25)).
3. Market Sentiment
- 24-hour trading volume decreased (Vol: 684.561), market sentiment is cautious, need to be alert to sharp fluctuations due to insufficient liquidity.
Take Profit and Stop Loss Strategy:
Bullish Strategy (if it stabilizes above 84,000 and breaks 84,500):
- Entry Point: Confirmation after breaking and retesting 84,500.
- Take Profit: 85,000 (first target), 85,500 (second target).
- Stop Loss: 83,800 (if it drops below MA(99)).
Bearish Strategy (if it drops below 83,500):
- Entry Point: Valid break below 83,400.
- Take Profit: 83,000 (first target), 82,200 (second target).
- Stop Loss: 83,800 (if it returns above MA(99)).
Range Trading Strategy (buy low, sell high within range):
- Range: 83,500-84,500.
- Take Profit: Gradually close positions near the upper and lower bounds of the range.
- Stop Loss: Reverse operation after breaking out of the range.