Judging from the K-line shape

The recent K-line shows large price fluctuations, especially the long lower shadow line at 20:00 on January 3, indicating that the market has certain buying support, and the price rebounded in the following hours. From January 4 to 5, the price Showing an upward trend, most K-line entities are short and accompanied by small fluctuations, suggesting that the current upward momentum may not be very strong.

From the perspective of technical indicators

Both DIF and DEA in the MACD indicator are positive, and the MACD histogram also shows positive values. However, the MACD value has decreased in the latest cycle, which means that the upward momentum may be weakening. In the KDJ indicator, the K value and D value are both above 70, and the J value is slightly lower than these two, indicating that the market is overbought and there is a risk of callback. The EMA indicator shows that the 7-day EMA is always higher than the 30-day EMA, indicating that the short-term trend is improving. , but the gap is gradually narrowing, so we need to pay attention to potential trend changes.

Judging from the trading volume

Trading volume increases when prices fluctuate significantly. For example, the large negative line at 20:00 on January 3 corresponds to huge trading volume, showing that market panic intensifies when prices fall. Subsequently, the trading volume gradually decreased during the price recovery process, indicating that the rising momentum was not fully supported by trading volume, and we need to be vigilant about the sustainability of the rise.

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