Technical analysis of the morning market!

In the four-hour level, the price fell but failed to continue to form a rebound and stabilize the middle track and then break through the upper track. The running channel has been opened upward, the bulls have arranged in large volume, and the moving average has risen consistently without any signs of turning. The small cycle has obviously accumulated power, and the rush will continue, but with the periodic consolidation and correction, it is only a matter of time for the bulls to regain lost ground.

From the daily chart, the coin price continued to rise slightly yesterday and recorded a K-line pattern with a positive line entity. Then today's price soared sharply and broke through the previous high. The MACD indicator double line also sent a golden cross change signal, but failed to keep up with the gold price to break high. There is a risk of forming a top divergence in the future. In the short term, it is necessary to pay attention to the support strength of the MA5 moving average. The overall idea is still bullish.

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