ORDI K-line chart Yesterday, ORDI showed signs of falling from highs, gradually pulling back from the highest point of $42.455, and the current price is close to $39.022. This shows that there is great pressure near $42, the bullish force has weakened, and the pullback momentum is obvious. Yesterday's forecast showed that the overall trend of the currency tends to fluctuate and consolidate.

Technical indicators

Moving average (MA): 5-day MA: $34.627 10-day MA: $34.561 30-day MA: $34.175

The price is above the short-term moving average, but MA5 and MA10 have flattened, indicating that the short-term upward momentum has weakened. As the market fails to test the high of $42, the pullback may develop further.

Today's operation strategy can refer to the following points:

Buy on dips: If the price stabilizes at $38.5, consider entering long orders in batches, with the target set at around $41.8. High pullback short: If the price rebounds to around $41.8 and encounters resistance, it can be moderately shorted, with the target looking at the $38.5-39 area.

At present, the trend of ORDI shows high pressure, and it may enter a shock consolidation phase in the short term. Investors are advised to adopt a prudent strategy, reasonably allocate positions, pay close attention to changes in support and pressure levels, and prevent the risks of chasing high prices and untimely stop losses.

Direction suggestion: Today, ORDI is expected to fluctuate in the range of $38.5-41.8. It is recommended to buy on dips and stop profits in time.

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