K-line pattern:
The recent K-line shows large price fluctuations, with several long upper shadows (such as 06:00 on May 28 and 21:00 on May 29), indicating that the market is facing selling pressure at high levels. The K-line entity from 00:00 to 07:00 on May 30 gradually narrowed, accompanied by a short lower shadow, suggesting that the seller's power is weakening.
Technical indicators:
In the MACD indicator, both DIF and DEA are negative, but DIF crosses DEA from bottom to top (such as 07:00 on May 30), which may indicate that the trend has improved in the short term. The KDJ indicator J value above 80 (such as 07:00 on May 30) is usually regarded as an overbought area, and it is necessary to be alert to the risk of a pullback. In the EMA indicator, the 7-period EMA is always lower than the 30-period EMA, reflecting that the medium- and long-term trend is still bearish, but the recent 7-period EMA has shown a slight upward trend.
Short-term advice: Buy around 67300, target 68900
