ORDI today’s market analysis:
1. K-line pattern:
- The price has recently fluctuated within the range of 30 to 32, with obvious fluctuations.
- There was a sharp decline in the early stage (September 3), and then rebounded, but failed to break through the previous high.
2. Technical indicators:
- MACD: Currently, MACD is in the negative zone, and both DIF and DEA diverge downward, indicating that there is still downward pressure in the short term.
- RSI: RSI is currently around 38, which is close to the oversold zone, but has not yet entered, indicating that market sentiment is weak.
- EMA: EMA7, EMA30 and EMA120 are arranged in a short position, and the price has been blocked near EMA7 many times, indicating that the short-term trend is still bearish.
3. Trading volume:
- Trading volume has increased significantly in recent hours, especially at 09:00 on September 4, which may be related to market selling.
- Overall, trading volume is increasing, indicating that market activity has increased, but it is more dominated by selling.
【Buy and sell point】
- Buying point one: 29.50 USDT (near the previous low, there is strong support)
- Buying point 2: 28.50 USDT (supported by the integer mark, and close to the lowest price on August 31)
- Long stop loss point: 27.90 USDT (below the buy point two to avoid the risk of further decline)
- Selling point one: 32.00 USDT (near the recent highs, there is heavy selling pressure)
- Point 2: 33.00 USDT (integer pressure level, close to the highest price on August 27)
- Short selling stop loss point: 33.60 USDT (above selling point two to prevent continued rise after breakthrough)
