Currently, the price of pie fluctuates steadily within the range of 70,000 to 71,500, but the overall trend shows a clear upward trend. Specifically, price lows are climbing higher, reflecting increasing support for the market. At the same time, the slope of the price change slopes upward, indicating that the rate of increase is gradually accelerating.
Moving average indicators from technical analysis also confirm this upward trend. The moving average continues to maintain an upward trend, providing strong support for prices. Although the K-line (i.e., a single price line on the price chart) sometimes experiences short-term corrections, it is always difficult to break through the suppression of the moving average, which further strengthens the stability of the market's upward trend.
It is worth noting that these pullbacks exhibit a pattern of alternating rises and falls, the so-called "one yin and one yang". However, this pattern of alternating rises and falls has not had a significant impact on the overall upward trend, showing that the market's upward momentum is still strong.
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