AI Market Analysis
From K-line Analysis: Currently, the pattern has formed a high-level oscillation trend, and the main target for the bulls is to break through the resistance level of 0.86.
From MACD Analysis: Looking at the 4H line, the MACD is above the 0 axis, forming a death cross; however, it is currently in a strong zone, and the price has not experienced a significant drop.
From RSI Analysis: The Relative Strength Index indicates that the fast line is pointing downwards, with an index of 46, indicating a neutral relative strength. Patience is needed to wait for the market to show a clear directional signal.
Summary: The market is at a resistance level, exhibiting a high-level oscillation trend. Currently, we mainly wait for the main force to break through, whether upward or downward. Considering the previous market trends, it is highly likely to break upwards. The bull market is still ongoing, and the main force may also be waiting for the market to make a breakthrough to take advantage of a rally. The long-term outlook remains bullish.
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