- Recently, the price reached a high near 3035 on December 23rd, then continuously declined, forming a short-term downtrend, but showed signs of rebound on December 26th.
- Daily candlesticks display alternating long upper shadows and bearish candles, indicating significant resistance above; the latest 4-hour bullish candle broke through the previous high around 2960, suggesting further upward potential.
2. Technical Indicators:
- MACD: In the 4-hour cycle, DIF and DEA formed a golden cross upward, with increasing red bars, indicating strengthening short-term bullish momentum. On the daily chart, it remains below the zero line, with bears still dominant but showing signs of weakening.
- RSI: The 4-hour RSI has gradually recovered from oversold territory to 51.81, indicating market sentiment is improving; the daily RSI is in a neutral to slightly weak zone (around 40-50), not yet in overbought or oversold conditions.
- EMA: The current price has stabilized above EMA7 (2943.96) and is attempting to challenge EMA30 (2956.95); EMA120 (3009.88) remains a significant resistance level, watch for effective breakout.
3. Volume:
- 4-hour volume has increased significantly from 39,558 to 84,452, indicating capital inflow driving the rebound.
- Daily volume has generally decreased, suggesting market caution and no strong trend continuation signals yet.
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【Price Trend Analysis】
1. Candlestick Patterns:
- Recently, the price reached a high near 3035 on December 23rd, then continuously declined, forming a short-term downtrend, but showed signs of rebound on December 26th.
- Daily candlesticks display alternating long upper shadows and bearish candles, indicating significant resistance above; the latest 4-hour bullish candle broke through the previous high around 2960, suggesting further upward potential.
2. Technical Indicators:
- MACD: In the 4-hour cycle, DIF and DEA formed a golden cross upward, with increasing red bars, indicating strengthening short-term bullish momentum. On the daily chart, it remains below the zero line, with bears still dominant but showing signs of weakening.
- RSI: The 4-hour RSI has gradually recovered from oversold territory to 51.81, indicating market sentiment is improving; the daily RSI is in a neutral to slightly weak zone (around 40-50), not yet in overbought or oversold conditions.
- EMA: The current price has stabilized above EMA7 (2943.96) and is attempting to challenge EMA30 (2956.95); EMA120 (3009.88) remains a significant resistance level, watch for effective breakout.
3. Volume:
- 4-hour volume has increased significantly from 39,558 to 84,452, indicating capital inflow driving the rebound.
- Daily volume has generally decreased, suggesting market caution and no strong trend continuation signals yet.