Today's position analysis: $sats From the daily level, SATS has pulled back to the Fibonacci retracement (0.5) position of 2528, and achieved an effective rebound, the trend reversed, and entered a bullish trend. From the perspective of the RSI relative strength index, after a false break below the moving average, it stood above the moving average again, which is still a continuation of the bullish trend, and in general, a false break below the RSI often brings a stronger bullish market. From the four-hour level, SATS has been fluctuating in a wide range of 24-32 before today. Today, after the strong SOS signal before breaking through the range appeared, it received a four-hour level LPS no supply fall, so the SOS strong signal turned into a JOC strong signal, and then completely broke through the range. Currently, the upper support line of the range is being tested. If the upper support of the range effectively rebounds, the bullish trend will continue, and the first target is 3500. The second target is 3900.
From the perspective of the VRVR chip concentration area indicator, the chips near 285 are relatively dense, and are near the middle track of the range oscillation, so the subsequent
trend will be adjusted. If the VPVR support level of 285 is not broken, the trend reversal will not be considered.