The daily line is a bearish candle with a long lower shadow and a short upper shadow, with trading volume 70% higher than the previous day. The price has reached a new high and continues to maintain a fluctuating upward trend.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening upward momentum above the zero axis. It is important to note that the MACD is getting further away from the zero axis, and the indicator has already shown a serious overbought situation.
According to the normal trend, there needs to be a wave of adjustment here. A downward pullback is the best, as it can quickly adjust to the position, or it can move in a high-level fluctuating trend to digest, but it will take a little longer.
Here, I personally believe there will be a wave of downward pullback, but the magnitude will not be too large, in the range of 3320-3460.
The decline is for better upward movement, do not be afraid, be bold when the time is right.
Daily resistance levels are 3890-4010-4100, support levels are 3560-3420-3350-3230-3070.
From an hourly perspective, it is currently showing a 1-hour pullback within the 4-hour rebound returning to the zero axis, part of a 6-8 hour overall rebound.
In the short term, you can go long at 3480 and 3420, and go short at 3680.
From the three-day settlement heat map,
The price is moving upward, with a large number of large and extra-large short orders waiting for liquidation in the 3688-3760 region and the 3768-3868 region.
The price is moving downward, with a large number of large and extra-large long orders waiting for liquidation in the 3552-3472 region.
