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ORDI Today's Market Analysis

In today's market observation, the time scales from 1 hour, 2 hours to 4 hours all show an obvious bearish trend. It is particularly worth mentioning that the 4-hour level of long and short prices, that is, around 39.944, has become the focus of our attention.

If this price is not effectively broken, we expect the bearish forces to continue to dominate, and the possible downward targets will point to the three price levels of 41.315, 42.673 and 43.745 in turn.

However, once the price of 39.944 is strongly stood on, the market may usher in the strong intervention of the bulls. By then, the upward target is expected to reach the three price levels of 35.346, 34.382 and 33.453.

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