The market has shown a relatively complex situation recently, with prices fluctuating and adjusting in the range of 3800 to 3900, and it seems to be caught in short-term fluctuations. As can be seen from the daily K-line chart, the appearance of multiple long lower shadows undoubtedly shows that there is a strong support force below. The existence of this support force may mean that the market has anticipated the price drop to some extent and provided support at a critical moment.
On the hourly chart, the MACD fast and slow lines gradually approached, showing signs of a golden cross, which is a positive signal for a short-term rebound. However, MACD is still below the zero axis, which means that although the possibility of a short-term rebound exists, the strength may be limited. This sign indicates that the market may still be looking for direction, and the trend in the short term is still uncertain.
On the daily chart, MACD is in a dead cross state, which shows that the short-selling force has an advantage in the current market. However, from the overall trend, the long-term trend is still upward, which shows that the fundamentals of the market have not changed fundamentally, and the price may continue to rise after a short-term adjustment.
In terms of trading volume, the hourly chart shows that the trading volume has increased, especially when the price hits a low point, which shows a certain willingness to buy at the bottom. This indicates that some investors in the market believe that the current price has fallen too much and are willing to enter the market at this time to buy the bottom.
On the daily chart, the trading volume increased significantly on May 28 and then fell back. This shows that after the previous plunge, market sentiment has gradually stabilized and started to re-evaluate the market and find the right time to enter. This change may indicate that the market is about to usher in a new turning point.
In summary, although the current market shows a short-term shock adjustment trend, in the long run, the fundamentals of the market have not changed, and prices may continue to rise. We should pay attention to changes in the market, seize opportunities, and operate cautiously. At the same time, we should also pay attention to risk control to avoid unnecessary losses in market fluctuations.
Ethereum recommends long orders around 3780-3800, target 3880-3950, risk control band 30 points
Bitcoin recommends long orders around 67000-67300, target 68500-69200, risk control band 400 points