【Price Trend Analysis】
1. K-line pattern:
- The price has recently fluctuated in the range of 68,000 to 70,000, with large fluctuations.
- A long upper shadow line appeared on May 27, indicating greater pressure from above; the K line closed a small positive line on May 28 and 29, indicating that the long and short forces were relatively balanced.
2. Technical indicators:
- MACD: Currently both DIF and DEA are negative and the MACD histogram shows a green column, indicating that the market is in a weak state, but there are signs of gradual shortening, which may indicate that the downward momentum is weakening.
- RSI: RSI14 is close to 50, indicating that the market is currently not obviously overbought or oversold, and the overall neutrality is weak.
- EMA: EMA7 (68490.1) is very close to the latest price (68450.2), EMA30 (68680.6) is higher than the latest price, and EMA120 (66927.6) is lower than the latest price. The short-term moving average is suppressed, and the medium and long-term moving average is supported.
3. Trading volume:
- Trading volume decreased between May 27 and 29, indicating a strong wait-and-see sentiment in the market.
- Trading volume increased significantly on May 28 and then fell back, indicating that funds entered the market and temporarily left the market to wait and see.
【Buy and sell point】
- Buying point one: 68,000 USDT (close to the previous low, support at the integer mark)
- Buying point two: 67000 USDT (near EMA120, with strong support)
- Long stop loss point: 66500 USDT (below the previous low to prevent false breakthroughs)
- Selling point one: 69,000 USDT (close to the previous high, integer mark pressure)
- Selling point two: 70,000 USDT (the upper edge of the recent shock range, there is great selling pressure)
- Short selling stop loss point: 70500 USDT (above the previous high to prevent false breakthroughs)
Today’s Analysis: Sideways