ORDI is currently in a short-term correction trend. Yesterday's trend showed a gradual decline from the high of 37.934 and is currently stabilizing around 32.809. The K-line clearly shows a downward trend, but the recent correction may also be an adjustment before a larger rise. We further analyze the trend of ORDI today by combining technical indicators.

ORDI hit a high of 37.934 yesterday and then fell back to around 32.8 under pressure. The reduction in trading volume during the correction process shows that market sentiment has temporarily calmed down and the long and short forces are in a relatively balanced stage. The K-line formed a typical descending wedge trend, and a rebound is expected in the near future, but the upward pressure is relatively large.

At present, the MA5 and MA10 moving averages have a dead cross, and the price is below all short-term moving averages (including MA30), indicating that the short-term trend is still bearish. MA5 forms a short-term resistance at 33.69. If the price can break through this position, it is expected to rebound further.

Suggested operation: light long position near 32.50 points, target around 33.70 points, and stop loss is set below 31.50 points. If the price fails to break through 33.70, it is recommended to reduce short-term positions and wait and see, waiting for clearer trend signals.

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