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Current market analysis of ORDI:

In the shorter 1/2 hour trading session, ORDI showed a dominant advantage for the bulls. However, when we zoom in to the 4-hour level, the market shows that the bears have the advantage.

Currently, the market's focus is on the 4-hour level of the bull-bear watershed, which is the key price of 37.011. This price is an important reference point for judging the short-term trend of ORDI.

If ORDI cannot stand firm at this price, the market may continue to fall and look for support. In this case, we should pay attention to the three possible support levels of 35.561, 35.279 and 34.936.

However, if ORDI can successfully hold this key price, the bullish forces are expected to regroup and push the price up. In this scenario, we need to pay attention to the three possible pressure levels of 37.494, 37.897 and 38.360.

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