- The recent price fluctuated around 64,000, forming multiple K-lines with long upper shadows, indicating that the upper pressure is relatively large.
- There was a rapid rise in the early stage, from 60,349.9 on August 23 to 65,000 on August 24, but then it pulled back to the current level.
2. Technical indicators:
- MACD: In the 4-hour cycle, the MACD fast and slow lines (DIF and DEA) are both in the positive area, but there is a top divergence phenomenon, indicating that the bulls are weakening and may face adjustments.
- RSI: RSI14 is close to 70 in the 4-hour cycle, entering the overbought range, and there may be a need for a pullback in the short term. But if it continues to remain high, it means that the strong market is still continuing.
- EMA: The current price is below EMA7 (63958) and is far away from EMA30 (62691) and EMA120 (61066), indicating that there is a certain risk of a correction in the short term. EMA7 and EMA30 are in a bullish arrangement, but EMA7 has begun to flatten, and it is necessary to pay attention to whether it will fall below the moving average.
3. Trading volume:
- The trading volume of the last few 4-hour K-lines has decreased, especially the latest K-line, which has a trading volume of only 6362, which is significantly smaller than the previous ones, indicating that the market's wait-and-see sentiment has increased.
- From the daily level, the trading volume on August 23 and 24 was significantly enlarged, and then gradually fell back, indicating that the market has entered a consolidation phase after the previous large fluctuations.
[Buy and sell points]
- Buy point 1: 62600 USDT (close to EMA30 support level, and an integer point)
- Buy point 2: 61000 USDT (close to EMA120 support level, and also near the previous low point)
- Long stop loss point: 60500 USDT (slightly lower than the previous low point and EMA120 support level, to prevent false breakthroughs)
- Sell point 1: 64500 USDT (near the recent high point, with strong pressure)
- Sell point 2: 65000 USDT (previous highest point, with obvious selling pressure)
- Short stop loss point: 65500 USDT (slightly higher than the previous highest point, to prevent false breakthroughs)
- The daily chart shows that the recent price has rebounded from the low of 57,511 yuan on August 15 and is currently at 60,574 yuan. The overall trend is oscillating upward.
- In the hourly chart, the price has continued to rise in recent hours, from 59,398.4 yuan at 08:00 to the current 60,574 yuan.
2. Technical indicators:
- MACD: The hourly MACD fast and slow lines (DIF and DEA) are both diverging upward, and the red column is enlarged, indicating that the bulls are strong in the short term; the daily MACD is also above the zero axis, and the bulls are dominant.
- RSI: The hourly RSI14 is close to the overbought zone (74), but has not fully entered, so be alert to possible pullbacks; the daily RSI value is 62, and there is still room for growth.
- EMA: EMA7, EMA30 and EMA120 on the hourly chart are all in a bullish arrangement, and the price is above all moving averages, with obvious support; EMA7, EMA30 and EMA120 on the daily chart are also in a bullish arrangement, and the long-term trend is bullish.
3. Volume:
- The daily chart volume has decreased after reaching a peak on August 16, but it still remains at a relatively active level, indicating that the market participation is high.
- The hourly chart volume increased significantly between 0800 and then gradually decreased, indicating that the capital inflow is positive in the short term, but it is necessary to pay attention to the subsequent changes in volume to confirm the continuity of the trend.
[Buy and sell points]
- Buy point 1: 60000 USDT (integer support, near EMA7)
- Buy point 2: 59500 USDT (previous low support, near EMA30)
- Long stop loss point: 59000 USDT (below buy point 2, near the previous band low)
- Sell point 1: 61000 USDT (integer pressure, near the recent high)
- Sell point 2: 61500 USDT (previous high pressure range upper edge)
- Short stop loss point: 62000 USDT (above sell point 2, near the previous band high)