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$ACT Tonight brings the detailed analysis of the first cryptocurrency, providing long and short judgments!
ACT Technical Analysis:
1. Candlestick and Moving Average Analysis
The moving averages show a clear bearish arrangement, with the short-term price fluctuating around MA(7) and not yet breaking through MA(25) to form an effective rebound, while MA(99) is pressing downwards, indicating that the overall trend remains bearish.
Support and Resistance:
Support Level: 0.4402 (recent low), 0.4332
Resistance Level: 0.4700, 0.4843 (previous strong resistance)
2. MACD and Volume Analysis
MACD:
The DIF line and DEA line remain below the zero axis, although there are slight signs of convergence, the bearish trend has not yet ended.
The red bars have just begun to emerge, so attention should be paid to whether subsequent momentum increases.
Volume: The trading volume shows a shrinking trend, indicating that the market sentiment is cautious, and it may enter a low volatility consolidation state in the short term.

3. Funding Rate and Market Sentiment

The funding rate has turned negative, indicating an increase in bearish market sentiment, and the rate continues to decline, suggesting that the short positions are gradually gaining the upper hand. At the same time, the price curve has also declined, further validating the dominance of the bearish market.

4. Depth Chart and Supply-Demand Relationship
There is significant selling pressure near 0.4742, indicating that this area is an important short-term resistance level, making it difficult to break through. The range of 0.4574 - 0.4488 has dense buying support, and the short-term price may fluctuate and consolidate within this range; if the support is lost, the price will further test down to 0.4402 or even 0.4332.

Trend Judgment and Operational Strategy
Trend Judgment:
Overall Trend: Bearish dominance, with short-term downward risks and limited rebound space.
Short-term Trend: The price is expected to fluctuate and consolidate within the range of 0.4402 - 0.4700; if it cannot break through MA(99), it will continue to test lower support.
Long and Short Strategies:

Bearish Strategy:
Entry Point: 0.4640 - 0.4700 range (short near MA99 resistance)
Take Profit Point: 0.4488, 0.4402
Stop Loss Point: 0.4745 (stop loss if resistance is broken)
Bullish Strategy (short-term rebound):
Entry Point: Near 0.4402 (light position long near support)
Take Profit Point: 0.4574, 0.4640
Stop Loss Point: 0.4330 (stop loss if key support is broken)
Risk Warning:
Current market sentiment is bearish; if the funding rate continues to decline, it may further accelerate the drop.
If the price rebounds without volume confirmation, do not blindly chase highs; strictly follow the take profit and stop loss strategy.