4-Hour Cycle Price Trend: Sideways

04-25 14:15:30

1. Overall Analysis

Recently, the price has been on an overall upward trend, but is currently fluctuating near the short-term moving average MA(7). Market sentiment is warming, but is simultaneously facing a choice of direction.

In the short term, although the buying power is strong, considering the presence of a top formation and potential resistance levels, the price may experience consolidation or a slight pullback to find stronger support in the future.

Recommendation: Continue to monitor the price's performance near the MA(7). If the price continues to find support and breaks through local resistance levels, consider appropriately increasing positions to follow the upward trend. However, if the price shows signs of weakening or breaks below the short-term moving average support, it is advisable to be cautious of pullback risks, timely take profits, or lock in gains. Long-term investors should pay closer attention to the trend of MA(30) and whether the price can robustly break above previous high resistance levels.

2. Technical Analysis

Candlestick Pattern: The current market has formed a long-legged doji, indicating strong buying power, while a doji appeared on April 25 at 00:00, which may signal a trend reversal or consolidation.

MA: MA(7) has shown an upward trend recently, reflecting relatively positive market sentiment in the short term, while MA(30) is gradually flattening and has not shown a clear upward trend, indicating that the long-term trend has not fully changed and still needs to be monitored for potential resistance breakouts.

3. Potential Buy and Sell Points

Buy Point: 1760 USDT (close to the MA(7) moving average support level and near previous low points, may form support in the short term)

Long Stop Loss Point: 1720 USDT (if it falls below the previous low of 1748 and continues to decline, confirming a failed rebound)

Sell Point: 1837 USDT (close to recent high points, with selling pressure risk)

Short Stop Loss Point: 1860 USDT (if it breaks above the April 23 high of 1837 and the round number 1850, indicating the continuation of the upward trend)