Market Analysis:
Bollinger Bands are narrowing, middle band at 2401, upper band at 2416, with price running close to the upper side of the middle band, direction choice is imminent.
MACD red bars are continuously shrinking, DIF at 3.51 / DEA at 3.21, bullish momentum is evidently weakening, with a death cross anticipated above the zero line.
KDJ has turned at a high position, K at 70 / D at 75 / J at 60, J value has fallen first, short-term overbought correction demand is increasing.
RSI three lines are converging around 55, bulls and bears are temporarily balanced, no clear direction given.
TD sequence shows Down:1, the pullback count has just started, need to be alert for further decline.
Key Levels:
Upper resistance: 2418-2420 (dense trading area below the previous high of 2429.33)
Lower support: 2400 (Bollinger middle band) → 2385 (Bollinger lower band) → 2355 (previous low)
Trading Strategy: Do not chase long if 2420 is not broken, can lightly short if bouncing to the 2415-2420 range, stop-loss above 2430; if it breaks below 2400 with volume, look down to 2385-2370. Bulls must regain control, needing to stabilize above 2420 and break 2429 with volume.
Before the oscillation range is broken, control positions, do not chase orders in the middle position.
Disclaimer: This article represents only the personal views of the author and does not represent the position and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone. Any disputes between users and authors are unrelated to this platform. If the articles or images on the webpage involve infringement, please provide relevant proof of rights and identity documents and send an email to support@aicoin.com. The relevant staff of this platform will conduct an investigation.