Why is it bearish in the short term? The following aspects are analyzed and the market activity.

Short-term trend:

The short-term moving average MA5 crosses below MA10 and moves downward simultaneously. The current price of 96400 is lower than the previous high point. The price curve also moves downward without reversal. The short-term decline is inevitable.

Medium-term trend:

The slope of MA20 is downward, and the price continues to be under pressure below it. It has failed to break through and has fallen after many upward attacks. The medium-term decline pattern is inevitable.

Technical indicator analysis

MACD:

The -DIF line is below the DEA line, and the spacing has not narrowed. The short signal is clear; the bar chart extends below the zero axis, and the short-term decline is confirmed.

RSI:

The indicator value of 55.59 is less than the oversold line of 30. Combined with the downward trend of prices, the selling pressure is heavy and the downward trend is difficult to reverse.

Bollinger Bands:

The price is close to the middle track and the middle track is tilted downward. The technical indicators all point to the short side. Because it has not touched the lower track of the Bollinger Bands, the surface has not fallen to the right level.

Trading volume analysis:

The trading volume increased during the decline, and the selling was surging, confirming the downward trend.

Comprehensive analysis of various dimensions shows that the downward trend of the big cake in the past two days is a foregone conclusion.