The daily line is a small bearish candle with a long lower shadow and a short upper shadow, resembling a doji pattern. The trading volume is basically flat compared to the previous day, indicating a wide range of oscillation after a decline.
The daily MA30 line has begun to turn downward, and the MACD shows an increasing downward momentum not far above the zero line.
The price has closed below the daily MA30 line. Starting from yesterday, today is the second day. If it cannot close above the MA30 line tomorrow or the day after, then more time will be needed to adjust and gather strength.
At the hourly level, the price has again dipped down to around the neck line near 202. The price will then oscillate within the range of 200-220, and only after sufficient adjustment and gathering of strength will there be momentum for further upward movement.
At the daily level, resistance levels are 226.8-232.8-243.3-270-283-300-315-331, and support levels are 210-202.3-184-167.5.
From the hourly level, it is currently showing a 30-minute pullback within the rebound of the 1-day EMA52 line.
Short-term trades can be made on the long side at 210 and 204, and on the short side at 220-230.
From the three-day liquidation heatmap,
the price is moving upward, with a large number of significant short positions waiting to be liquidated in the areas of 216.6-228.6 and 231.8-240.8.
The price is moving downward, with a small number of long positions waiting to be liquidated near 202.
