At present, the overall market sentiment of ORDI is bullish, but there may be a pullback pressure in the short term. The key support levels are in the $39.5 and $37.8 areas, and the pressure level is around $42.5.

ORDI showed a clear upward trend, hitting an intraday high of 42.455, but then pulled back to 40.002. Since the rebound from the low of 25.646 on August 31, the price has continued to rise, and the overall trend is relatively strong, especially in the past few days, the K-line has shown a typical upward pattern.

Three key moving averages are shown:

5-day moving average at 27.066 10-day moving average at 27.301 30-day moving average at 29.936

The short-term moving average crosses the medium- and long-term moving averages upward, indicating that the short-term upward trend of the market is relatively stable, and the price runs above each moving average, forming a strong support. In addition, the golden cross of the 5-day and 10-day moving averages further strengthens the short-term upward trend.

Operation suggestion:

If the price stabilizes between $39.5-40, long orders can be arranged in batches, and the target can be set at $42-43. If it breaks through 42.5, it can be moderately chased, with the target looking at $45. Stop loss strategy: If the price falls below $39, it is recommended to stop loss to control risks.

Bullish, but need to pay attention to the movement near the pressure level.

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