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January 16th Concubine's Market Outlook
The 4-hour price level surged and then pulled back, currently trading above the middle band of the Bollinger Bands. The Bollinger Bands are opening upward, with the upper band at 3450, the lower band at 3092, and the middle band serving as a short-term key support. As long as it is not effectively broken downward, the upward trend is likely to continue.
The MACD indicator shows a death cross and initial signs of bearish momentum, but the previous bullish volume has not fully dissipated. In the short term, the market may be in a phase of oscillation and digestion after the surge.
Concubine Trading Suggestion: Pullback around 3300-3250, with an outlook to rise towards 3370-3450.