The weekly line is a bullish line with a slightly longer lower shadow and a shorter upper shadow, and the trading volume is basically the same as last week, indicating a volume-supported rise.
The weekly MA30 line maintains an upward trend, and the MACD shows an increasing upward momentum above the zero line.
The upward momentum at the weekly level is still strong, and adjustments are at the daily level, so the weekly level remains bullish, targeting the area of 3800-4000.
The upward movement at the weekly level has just started its first wave, and there is no trend of a sharp decline. The daily level adjustments are normal, so hold onto your low-priced spot purchases. $4000 is just a short-term target, and there is still a lot of upward space for the price.
The daily line is a small bullish line in the shape of a doji star, and the price has reached a recent new high. The trading volume is basically the same as the previous day, but it is half of the trading volume during the recent volatility, which indicates a shrinking volume and an upward trend.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening upward momentum above the zero line.
The overall trend is an upward fluctuation, and the price is getting closer to the second high point area of May 24, which has a relatively large number of trapped positions. The corresponding selling pressure will also be relatively large. Normally, when reaching this area, it will either fluctuate or pull back to build momentum. The possibility of a direct surge is low, so be prepared for short-term pullbacks after rises.
Pullbacks are for better upward movement, so don't worry too much.
The daily level resistance is at 3890-4010-4100, and the support is at 3540-3420-3325-3195-3060.
From an hourly perspective, it is currently a 1-hour rebound within a 6-8 hour joint rebound, showing a divergence pattern at the new high.
In the short term, you can go long at 3630 and 3535, and short at 3890.
From the three-day clearing heat map,
The price is rising, with a large number of large and extra-large short positions waiting for liquidation in the 3756-3864 area.
The price is falling, with a large number of large and extra-large long positions waiting for liquidation in the 3676-3508 area.
