【Price trend analysis】
K-line pattern:
The recent price fluctuates around 3500, with strong support and pressure.
There are many long lower shadows, indicating that the buying power below is strong.
Technical indicators:
MACD: Both DIF and DEA are currently negative, but the MACD histogram shows a gradually shortening trend, which may indicate a weakening of short-selling power.
RSI: RSI14 is currently around 50, not entering the overbought or oversold range, and market sentiment is neutral.
EMA: EMA7 (3473.54) is close to the latest price of 3483.21, which has certain support in the short term; EMA30 (3477.32) is also nearby, forming a double support. EMA120 (3543.30) is much higher than the current price, and the long-term trend is still bullish.
Trading volume:
The trading volume has increased in recent hours, especially at 05:00 on June 15, when a large number of transactions of 305992 appeared, followed by a callback.
On the daily level, the trading volume of 2523034 on June 14 was significantly higher than the previous few days, indicating that the market activity has increased.
