Market Analysis:
From the 4H line, the candlestick chart has already shown a bullish engulfing pattern, indicating that a reversal is about to occur. Additionally, the position at 2.0 is inherently a previous support level for the market. The market dipped to 2.0, and now there is a slight rebound. The K-line has displayed multiple small real-body bullish candles. Of course, at this level, the bears might pull back for a second time, with the market testing around 2.0 again.
From MACD analysis: The green bars below the 0 axis have started to shrink, which also signifies that the market is beginning to recover. The fast line is about to cross the slow line, forming a golden cross, indicating a good opportunity to go long.
From the RSI indicator: The fast line has reached a low point of 2.06, and it has crossed above the slow line, which also indicates a turning point for the market.
Spot position: 2.0-2.15, stop loss: 1.95, take profit 1: 2.29; take profit 2: 2.77.
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