The daily chart shows a small bullish candle resembling a doji with long upper and lower shadows, and the trading volume is flat compared to the previous day, indicating a fluctuating upward trend.
The daily MA30 line has begun to turn upward, and the MACD shows an increasing momentum trend above the zero line.
The daily chart shows a pattern of five consecutive bullish candles, and the trading volume is also gradually expanding, indicating a relatively healthy upward trend.
Similar to the rise on October 20 (red circle), the price increase encountered resistance at the daily MA120 line, resulting in a downward correction. In the short term, there is still momentum to push higher; if it can stabilize after breaking through, it will be considered an effective breakout. Otherwise, it will need to revisit the 2600-2520 area to gather strength before pushing up again.
Daily level resistance at 2730-2855-3060-3290, support at 2520-2450-2350-2260
From an hourly perspective, after the rebound at the 1-hour level reached a new high, a divergence pattern appeared. The support at the 1-hour level is insufficient, making it easy for the price to continue to fall in search of larger support before rebounding again.
On the short term, it is possible to go long at 2600-2560 and short at 2730.
From the three-day settlement heat map perspective
The price is rising, with some large short positions waiting to be settled near 2700, and a significant amount of large short positions waiting to be settled in the 2724-2784 area.
The price is declining, with a large number of large long positions waiting to be settled near 2620 and in the 2600-2516 area.
