Recent price trend analysis and trading strategy
Recently, the overall market prices have shown a fluctuating downward trend, but prices have consistently maintained above the EMA moving average system, indicating that the current market is still in a bullish pattern, although there is significant pullback pressure. The MACD indicator has released signals of weakening bearish strength, while the death cross formation suggests a risk of trend reversal in the market, with evident characteristics of long and short battles. From a short-term perspective, the market is likely to continue its fluctuating adjustment trend, with downward risks still present. The MACD indicator has formed a death cross, and the emergence of bearish K-line patterns during this period further exacerbates price pullback pressure. Based on the current market environment, the following operational suggestions are given: holders may moderately reduce their positions to lock in profits; short-term traders should pay close attention to the performance of the EMA support line area. If prices gain effective support in this area and start to rebound, they may attempt to go long in the short term; if prices break below the support level, caution should be exercised regarding increased downward risks. Additionally, the breakthrough of the resistance level at 95758.04 can serve as an important basis for judging the strength of the short-term market.
Detailed technical analysis
K-line patterns: The bearish engulfing pattern suggests a potential short-term decline, the belt hold line reflects intense competition between bulls and bears, the black three soldiers formation further confirms the downtrend, while the appearance of a bottom type suggests a possible short-term rebound. The signals conveyed by K-line patterns are intertwined, and the market direction awaits further confirmation.
EMA moving average: The EMA moving averages are in a bullish arrangement, indicating that the overall market is in an upward trend. Although prices have risen rapidly recently, they have not broken below the important support levels of EMA (169) and EMA (200), showing that the medium to long-term bullish trend still has some support.
MACD indicator: The DIF line and DEA line have formed a death cross, while the histogram's momentum has turned from positive to negative, clearly releasing signals that the market has entered an adjustment phase. Continuous attention to indicator changes is needed to determine the depth of the adjustment and the direction of the trend.
