ORDI, the hot currency in May, almost doubled in price within 24 hours because it was listed on Binance last night. Regarding the development prospects of ORDI and BRC20, it has also been a hot topic on major media platforms in the circle in the past two days. We will talk about this again when we find an opportunity.

Looking simply at the currency ORDI, before the news of its listing on Binance was announced, it started to rise along with the market from the bottom of 3 US dollars in mid-October, and reached a maximum of 5.9. The increase has nearly doubled, and it is one of the few that outperformed Bitcoin. One of the cottages. After being listed on Binance yesterday, ORDI accelerated its rise again, almost reaching its highest point when OKX was first launched. The price range of 13-17 US dollars is the chip distribution area for the May holdup on OK. It is normal for the current price to hit this point (the red line position) and be blocked from rising.

Judging from the daily level technical indicators, today's K-line jumped directly above the upper Bollinger Band and opened higher, which also shows that the market has risen too fast in the short term, and there is currently a need to fall back and adjust. The area near the yellow circle is a potential callback position, but it also depends on whether the market can get effective support after reaching here.

Looking back at the short-term, the 1-hour MACD has formed a dead cross, but the market is still going strong. A new price high may appear after this dead cross, and then the real adjustment begins.