The daily chart level is gradually stabilizing after a continuous pullback, showing a low-level oscillation trend. Although the 4-hour level is still biased towards weakness, the MACD histogram is shrinking, and the bearish strength is somewhat slowing down, with the RSI nearing the oversold area, indicating the possibility of a technical rebound. Currently, trading volume is shrinking, and the market has entered a wait-and-see phase, expecting to maintain a narrow range consolidation in the short term.
The second 🫓 also shows a fluctuating bottoming pattern, repeatedly testing near the key support area on the 4-hour chart. The MACD shows signs of forming a golden cross, and if the trading volume supports it, there is hope to test the pressure area upwards. Big🫓: Pay attention to the stabilization opportunities in the range of 107,400-108,000, with a short-term target near 110,000 Second🫓: Observe the performance in the 3830-3880 range; if it can stabilize, a rise to around 3960 can be expected.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The daily chart level is gradually stabilizing after a continuous pullback, showing a low-level oscillation trend. Although the 4-hour level is still biased towards weakness, the MACD histogram is shrinking, and the bearish strength is somewhat slowing down, with the RSI nearing the oversold area, indicating the possibility of a technical rebound. Currently, trading volume is shrinking, and the market has entered a wait-and-see phase, expecting to maintain a narrow range consolidation in the short term.
The second 🫓 also shows a fluctuating bottoming pattern, repeatedly testing near the key support area on the 4-hour chart. The MACD shows signs of forming a golden cross, and if the trading volume supports it, there is hope to test the pressure area upwards.
Big🫓: Pay attention to the stabilization opportunities in the range of 107,400-108,000, with a short-term target near 110,000
Second🫓: Observe the performance in the 3830-3880 range; if it can stabilize, a rise to around 3960 can be expected.