Inj today's market analysis is as follows:
On the 1-hour chart, the short side dominates. However, on the 2-hour chart, a yellow dot appears, marking a potential buy signal from the bulls. Turning to the 4-hour chart, bulls clearly have the advantage.
The market focus is on the key level of 18.787, the long-short boundary at the 4-hour level. If the price can firmly break through this level and remain above 18.787, the power of the bulls will be significantly enhanced. At this time, special attention should be paid to the resistance area above, where the key points include 19.248, 19.360 and 19.435.
On the contrary, if the price fails to stabilize above 18.787, the bears may take the opportunity to launch a counterattack. In this situation, we need to be alert to the support levels below, which are 18.696, 18.549 and 18.392.
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