4-hour K-line breaks through key resistance, bullish signals emerge — trading reference analysis

【CryptoWorld】The recent 4-hour candlestick chart has provided clear signals. The price has rebounded compared to the same period the previous day, breaking through the previous high, showing an overall upward trend. However, the last candlestick turned into a bearish candle, with the closing price below the opening price, indicating that the bullish momentum has pulled back after a surge.

Trading volume is noteworthy—while the price is rising, the trading volume is shrinking, which suggests that the upward momentum is weakening. This “volume-price divergence” typically indicates a potential correction ahead.

From a technical indicator perspective, the MACD histogram has shifted from negative to positive, which is a positive signal that the bulls are gradually gaining strength. The KDJ indicator is currently in oversold territory, with a value of only 7. Although no clear golden cross or death cross has formed, extreme overselling often signals a rebound potential.

Based on these technical analyses, the current trading reference points are as follows:

Long Position: Consider entering at 2867.0 and 2939.88, with a stop-loss at 2925.18.

Short Position: If the price breaks above, consider shorting at 3346.56 and 3355.0, with a stop-loss at 3363.29.

Key Levels: The recent support level is at 2867.0, resistance at 3355.0. The highest point in the 4-hour chart is 3346.56, and the lowest is 2939.88.

Overall, the market is in a phase of bulls versus bears, lacking a clear short-term trend, mainly seeking balance between support and resistance. Traders should closely monitor volume changes; only with volume confirmation will the direction become more certain.