2024-09-05 23:04:45

【Price Trend Analysis】

1. Candlestick forms:

- Recently, the price has been fluctuating within the range of 2400 to 2500, indicating a clear consolidation.
- Multiple occurrences of long Upper Shadow and Lower Shadow indicate significant market divergence, with intense competition between bulls and bears.

2. technical indicator:

- MACD: The current DIF and DEA are both negative and below the zero axis. The MACD histogram shows a continuous green color, indicating an overall bearish trend, but with signs of weakening.

- RSI: The current value of RSI14 is around 36, close to the Oversold zone. There may be a short-term Rebound demand, but be cautious of the risk of further decline.

- EMA: EMA7 (2387.75) < EMA30 (2444.66) < EMA120 (2564.13), presenting short positions arrangement, with short-term, medium-term, and long-term moving averages all diverging downwards, indicating an overall bearish trend.

3. Trading Volume:

- The recent few CandlestickTrading Volume have increased, especially during the period of 2000 on September 5th, indicating intensified long and short battles during that period.

- Overall, the Trading Volume shrinking at a high level indicates insufficient pump momentum, and the market may face pullback pressure in the future.

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