Today's Analysis
Recent prices have fluctuated in the range of 96,000 to 97,000, overall showing a震荡 trend.
After a significant decline earlier, there are currently signs of stabilization, but now the pressure is too heavy, with considerable resistance above.
Both DIF and DEA are negative, and the MACD histogram shows that bearish strength is weakening, with the possibility of forming a golden cross.
The RSI14 value is around 40, not entering the overbought or oversold areas, and may continue to fluctuate in the short term.
The current price is above EMA7 but below EMA30 and EMA120, indicating a short-term rebound but still in a downward trend in the medium to long term.
Operation range for reference only
Support near 94,600-94,800 to see a push towards 98,000
Resistance near 97,600-97,800 to see a drop towards 95,000
The market is quite extreme; exercise caution in operations!
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