· Current Price: approximately 2,712 USDT, 24-hour decline of -3.23%. · Timeframes: · First Chart (IMG_7743): Daily chart (1D), showing price movement from January 11 to January 28. · Second Chart (IMG_7741): 4-hour chart (4H), showing movement from January 30 to January 31. · Third Chart (IMG_7742): 1-hour chart (1H), showing the trend from early this morning to now. · Recent Performance: · Short-term (7 days, 30 days) both down (-8.29%, -9.28%). · Long-term (1 year) still up (+20.88%), but medium and short-term trends are weak.
· Daily chart: Price below the middle band (3,049.29), close to the lower band (2,638.54), indicating a downtrend. · 4-hour chart: Price near the middle band (2,724.78), in a consolidation zone. · 1-hour chart: Bollinger Bands narrowing, price close to the middle band (2,702.03), volatility decreasing, possibly indicating an upcoming directional move.
3. MACD
· Daily chart: MACD at -39.74, DIF and DEA both negative and diverging downward, trend biased bearish. · 4-hour chart: MACD at 4.45, DIF and DEA still negative but converging. · 1-hour chart: MACD at 2.22, DIF and DEA negative but narrowing, short-term slight rebound possible.
4. RSI
· Daily chart: RSI6 at 25.77, approaching oversold territory. · 4-hour chart: RSI6 at 46.52, neutral leaning weak. · 1-hour chart: RSI6 at 58.16, approaching neutral but slightly strong, short-term rebound momentum.
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3. Key Observation Points
1. Daily trend is bearish: price below EMA, MACD negative, RSI near oversold. 2. Short-term (1H) shows rebound signs: EMA5 crossing above EMA10, RSI rising to 58, Bollinger Bands narrowing, indicating possible short-term consolidation or slight rebound. 3. Trading volume: daily volume is relatively high, while 4H and 1H volumes are gradually decreasing, indicating reduced short-term trading activity.
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4. Focus Areas
· Resistance Levels: · Daily: EMA30 (3,008), Bollinger middle band (3,049) · 4H: Bollinger upper band (2,760) · 1H: Bollinger upper band (2,719) · Support Levels: · Daily: Bollinger lower band (2,638) · 4H: Bollinger lower band (2,689) · 1H: Bollinger lower band (2,684)
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5. Trading Tips
· Short-term (1H): Watch for a breakout above 2,719 (1H Bollinger upper band). If broken, potential test of 2,725. · Mid-term (4H): If unable to break through 2,760, expect continued consolidation or downward movement. · Long-term (1D): Trend remains bearish; caution against bottom fishing, wait for daily RSI to show oversold or MACD bullish divergence signals.
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1. Overall Market Status
· Current Price: approximately 2,712 USDT, 24-hour decline of -3.23%.
· Timeframes:
· First Chart (IMG_7743): Daily chart (1D), showing price movement from January 11 to January 28.
· Second Chart (IMG_7741): 4-hour chart (4H), showing movement from January 30 to January 31.
· Third Chart (IMG_7742): 1-hour chart (1H), showing the trend from early this morning to now.
· Recent Performance:
· Short-term (7 days, 30 days) both down (-8.29%, -9.28%).
· Long-term (1 year) still up (+20.88%), but medium and short-term trends are weak.
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2. Technical Indicator Analysis
1. Moving Averages (EMA)
· Daily chart: EMA5 (2,806.83) < EMA10 (2,885.85) < EMA30 (3,008.12), indicating a bearish alignment.
· 4-hour chart: EMA5 (2,710) slightly below EMA10 (2,715), close to EMA30 (2,754.56), short-term weak oscillation.
· 1-hour chart: EMA5 (2,710.54) > EMA10 (2,708.62), showing slight short-term rebound signs.
2. Bollinger Bands (BOLL)
· Daily chart: Price below the middle band (3,049.29), close to the lower band (2,638.54), indicating a downtrend.
· 4-hour chart: Price near the middle band (2,724.78), in a consolidation zone.
· 1-hour chart: Bollinger Bands narrowing, price close to the middle band (2,702.03), volatility decreasing, possibly indicating an upcoming directional move.
3. MACD
· Daily chart: MACD at -39.74, DIF and DEA both negative and diverging downward, trend biased bearish.
· 4-hour chart: MACD at 4.45, DIF and DEA still negative but converging.
· 1-hour chart: MACD at 2.22, DIF and DEA negative but narrowing, short-term slight rebound possible.
4. RSI
· Daily chart: RSI6 at 25.77, approaching oversold territory.
· 4-hour chart: RSI6 at 46.52, neutral leaning weak.
· 1-hour chart: RSI6 at 58.16, approaching neutral but slightly strong, short-term rebound momentum.
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3. Key Observation Points
1. Daily trend is bearish: price below EMA, MACD negative, RSI near oversold.
2. Short-term (1H) shows rebound signs: EMA5 crossing above EMA10, RSI rising to 58, Bollinger Bands narrowing, indicating possible short-term consolidation or slight rebound.
3. Trading volume: daily volume is relatively high, while 4H and 1H volumes are gradually decreasing, indicating reduced short-term trading activity.
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4. Focus Areas
· Resistance Levels:
· Daily: EMA30 (3,008), Bollinger middle band (3,049)
· 4H: Bollinger upper band (2,760)
· 1H: Bollinger upper band (2,719)
· Support Levels:
· Daily: Bollinger lower band (2,638)
· 4H: Bollinger lower band (2,689)
· 1H: Bollinger lower band (2,684)
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5. Trading Tips
· Short-term (1H): Watch for a breakout above 2,719 (1H Bollinger upper band). If broken, potential test of 2,725.
· Mid-term (4H): If unable to break through 2,760, expect continued consolidation or downward movement.
· Long-term (1D): Trend remains bearish; caution against bottom fishing, wait for daily RSI to show oversold or MACD bullish divergence signals.
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