The daily line is a small bearish candle with long upper and lower shadows, and the trading volume is basically flat compared to the previous day, slightly higher. This is a normal downward adjustment trend, showing initial signs of a stop in the decline.
The daily MA30 line maintains an upward trend, and the MACD shows an increase in bearish momentum above the zero axis.
The price has fallen to the top of the previous upward consolidation area (red circle), forming support and starting to rebound. This position also happens to be the support level on the 12-hour timeframe, and the support here is relatively strong, so the next step will be a 1-hour level consolidation adjustment, and after the adjustment, it will continue to rise.
Currently, the price is less than a 9% decline from the MA30 line, and the MA30 line is at the bottom area of the upward consolidation platform, where the support will be stronger.
The more the spot price falls, the more it is bought; the decline is to facilitate a better rise, providing an opportunity not to be missed.
Daily level resistance at 247.3-270-283-300-315, support at 221.5-209.8-198.3-185.3
From the hourly perspective, it is currently a 12-hour rebound within the daily line rebound, returning to the 30-minute pullback trend within the 12-hour zero axis.
In the short term, short positions can be made at 233 and 238, and long positions at 219.2.
From the three-day clearing heat map perspective
The price is rising, with a large number of significant and extra-large short orders waiting for clearance in the 233-253.4 area and the 255-263.4 area.
The price is falling, with a large number of significant long orders waiting for clearance in the 223.2-218.6 area.
