The weekly chart is a bearish candlestick with a long lower shadow and a short upper shadow, with trading volume around half of the previous week, indicating a shrinking volume downtrend adjustment pattern.
The weekly MA30 line maintains an upward trend, and the MACD shows a weakening upward momentum above the zero axis.
After reaching a new high on a weekly level, a downward adjustment trend has begun. Currently, it seems that the adjustment has just started, and the daily level may continue to rebound. If the daily level does not create a new high, then 264.39 will be the recent top price. Specific confirmation will depend on the appearance of patterns at the daily level.
For those who cannot trade in waves, just hold onto the low-priced spots you bought; after the adjustment is complete, it will continue to surge to create new highs. $300 will definitely not be the highest point in this bull market.
The daily chart is a small bearish candlestick in a doji pattern, with trading volume basically flat compared to the previous day, indicating a shrinking volume oscillating downtrend.
The daily MA30 line maintains an upward trend, and the MACD shows an increasing downward momentum above the zero axis.
The price is less than 6% away from the MA30 line; the viewpoint is the same as yesterday. If the price retraces to the daily MA30 line and then rebounds, it will be a relatively healthy trend. It remains to be seen whether it will drop quickly or oscillate down to this position.
As long as you arrive, you must be bold to get in; at least you can catch a decent rebound trend.
Daily level resistance points are 247.3-270-283-300-315, support points are 227.9-221.4-205.6-185.3
From the hourly level, the current trend is a pullback from the 1-day line rebound within the 12-hour rebound inside the 1-hour pullback trend.
In the short term, you can go long at 232 and 224.8, and short at 238.8 and 246.8
From the three-day settlement heat map
Price is rising, with a large number of significant short positions waiting for liquidation in the 239.6-253.4 range
Price is falling, with a large number of significant long positions waiting for liquidation in the 234-227.4 range
