SATS Market Analysis:
From the K-line perspective: The market has reached the bottom range, currently forming at the bottom, and is now creating an upward triangle at the bottom, with the market experiencing fluctuations at the bottom;
From the MACD analysis: The fast and slow lines are about to form a death cross near the 0 axis, and we need to wait for the market to produce a golden cross before looking for an upward signal;
From the RSI analysis: The 5-day relative strength index has crossed below the 21-day relative strength index, and the current 5-day relative strength index is 32, which has not fallen below 20. We need to wait for the relative strength index to continue to decline or show a reversal to confirm the market trend.
Summary: The market has formed at the bottom range, and a significant downturn is unlikely in the short term. Once the market stabilizes, it will rise again with the inflow of capital, so hold onto your chips and wait for the market to come!