Technical Analysis

From the 1-hour chart, the current market is in a state of oscillating upward movement. After stabilizing above the middle line of the hourly chart, it will continue to surge upward. The Bollinger Bands are opening downward, and the current market is in a bearish state below the middle line, with oscillating downward movement. The MA moving averages show a transition from bullish to bearish arrangement, with the three short-term moving averages having crossed below the MA60 medium-term moving average from above. However, the MA5 has turned upward to cross above the MA10 to form a golden cross, indicating that the market will experience a rebound. If the rebound does not stabilize above the MA120 corresponding price pressure point of 4507, it will decline again. The MACD indicator is currently in a bearish market below the 0 axis, but the fast line has crossed above the slow line to form a golden cross upward, indicating that the market will have a rebound. The RSI indicator is in a normal trading phase, with the buy line crossing above the sell line to form a golden cross upward, and in the 4-hour chart, both lines are in the oversold area, indicating that the market will rebound.
Resistance levels: 4510, 4535, 4580, 4610, 4670
Support levels: 4430, 4400, 4360, 4330
Long strategy: Initial position in the 4450--4430 range, add position at 4330, stop loss at 4300
First take profit: 4510
Second Take Profit: 4610
During the weekend, there is less capital inflow, the market fluctuations are not large, and profit margins are limited; making a steady profit is sufficient.