Technical analysis:
Current price and support/resistance levels:
Current price: 101,629.99 USDT.
Main resistance level: 104,088.00 USDT (recent peak price).
Nearest support level: 81,804.06 USDT.
Deeper support: 51,319.83 USDT.
Bollinger Bands (BOLL):
The current price is above the Bollinger middle band (MB), indicating that the uptrend is still present.
However, the gap between the current price and the upper band (UP) is small, warning of a potential short-term pullback.
Trend:
The chart appears to be in a downtrend adjustment phase after reaching a peak.
The drawn trend lines suggest the possibility that the price will adjust to the support area of 81,804.06 USDT before potentially bouncing back.
Trading volume (Volume):
The current trading volume is relatively high, indicating that market sentiment is active. However, the volume needs to be monitored to confirm whether the upward momentum will continue.
Short-term investment:
If the price continues to adjust to the area of 81,804.06 USDT, this could be a good entry point to buy.
Conversely, if the price breaks above 104,088.00 USDT with high volume, it may be worth considering additional purchases as the uptrend will be confirmed.
Medium and long-term investment:
The price area of 51,319.83 USDT is strong support, suitable for accumulating if the market undergoes a deeper correction.
Monitor other indicators (such as RSI, MACD) to determine overbought/oversold areas before making investment decisions.
Risk management strategy:
Set a stop-loss at levels below the main support (e.g., 80,000 USDT) to protect capital in case the market declines deeply.