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From the 4-hour chart, it is currently experiencing a technical Rebound after piercing the lower band of the Bollinger Bands, with the three lines opening outward and trending downward, corresponding to prices of 4767-4618-4470.
2. MA Moving Average Indicator Performance
From the 4-hour chart, it is currently experiencing a technical Rebound after breaking through the lower band of the Bollinger Bands. The three lines are opening outward, showing a trend of opening downward, corresponding to prices of 4767-4618-4470.
3. MACD and RSI Indicator Analysis
In the 4-hour MACD chart, the fast line has crossed below the 0 axis and has formed a death cross, while the two lines are running in parallel below the 0 axis in the hourly chart. It is in a sideways oscillation.
The RSI indicator is in the oversold area on the 4-hour chart, showing a golden cross upward. On the hourly chart, both lines are also in a golden cross upward state, but both lines are in the overbought area.
Four, market conclusion and key levels
Conclusion: Sideways consolidation Upper resistance: 4580, 4670, 4755 Lower support: 4490, 4430, 4350
5. Trading Strategy Recommendations
Long strategy: If it does not stabilize below the middle line of the hourly chart and falls back to the 4450--4430 range, a primary long position can be established, with additional buying at 4330, and a stop loss if it drops below 4300. First take profit: 4530, second take profit: 4630. Short strategy: If the market rebounds and rises, a primary short position can be established in the 4780-4800 range, with additional buying at 4950, and a stop loss at 4999. First take profit: 4680, second take profit: 4610.
The current market rebound is expected to have certain fluctuations, but it will not effectively impact the previous highs. High short positions can be taken at relatively high points.
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