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[Market overview]
• Current price: 96499.8 USDT
• 24-hour price change: +2.25%
• Main support level: about 95335 USDT
This price level corresponds not only to the S1 support but is also close to the MA20 (95384.76) and MA200 (95359.92) areas, where the support in the historical low area is relatively solid.
• Main resistance level: about 97664 USDT
Explanation: The current nearby R1 resistance level is close to the upper Bollinger Band (97846.76), and it is expected to encounter resistance in this area.
• Market trend: Slightly upward in overall volatility
Although there has been a slight increase in the last 24 hours, the short-term moving averages are in a bullish arrangement, and the MACD also shows positive energy, but the ADX indicator indicates that the trend strength is not yet obvious. Therefore, the current market is in a volatile trend with slight upward momentum.
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[Trading signal]
Comprehensive technical indicators:
Moving average system: Currently, the 5-day and 10-day moving averages are near the price and overall show a bullish arrangement, providing protective support in the short term.
The current MACD golden cross signal is quite obvious, indicating that buying energy is still present.
RIS are all in the neutral zone, not yet entering the overbought or oversold range.
KDJ: Currently, K/D has not formed a golden cross, and there are no extreme overbought phenomena overall.
Market sentiment:
Large holder positions: Long positions account for about 57.32%, short positions 42.68%, indicating that institutions and large holders prefer long positions; funding rate: 0.0010%, at a low level; 24h trading volume: 210010.741 BTC, trading volume is expanding, indicating that the market is active with sufficient momentum, but volatility risk still needs attention.
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[Trading suggestion]
• Operation direction: It is recommended to go long with the trend
Reason:
1. Technically, the MACD golden cross formation and positive bar data show short-term buying energy;
2. Large holders' positions are biased towards long, and the main capital tends to go long;
3. The price has gained technical favor in the support zone (near 95335), coupled with support from multiple moving averages, increasing the probability of subsequent upward movement.
• Suggested entry price: Consider gradually building positions in the 96400-96500 USDT area
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[Risk control requirements]
• Exit signal:
Price falls below the stop-loss level (about 95000 USDT); indicators show a clear reversal, such as MACD turning negative from positive, RSI falling into the oversold zone; large holder positions or active buying and selling ratios reverse, indicating a change in the main force's intentions.
• Position adjustment suggestion:
When approximately 6% profit is obtained, the stop-loss can be moved to the break-even point to lock in some profits; if there is significant market volatility, be sure to reduce positions as appropriate (for example, reduce by 50%) to lower the risk magnified by the market.
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