DOLO recent market review.

Since the crazy surge on the evening of January 12th, it directly experienced a super rally of 85%, followed by a 25% deep retracement in short-term K-line levels (1 second to 1 minute). This decline caused many to miss their bottoming opportunities.

Let's take another look at the current technical situation. Starting from 2:15 AM on January 15th, there have been three consecutive upward movements in the MACD. Based on the current pace, it is expected to test the 0.71 level, but whether it can stop there depends on subsequent market performance.

Looking ahead, the idea is as follows: if the price can stabilize around 0.71, then there should be a subsequent upward breakout. However, attention should be paid to the previous high, as the probability of black swan events is not small. If resistance is encountered near the previous high, it might be pushed back in the short term. In this case, friends chasing longs might want to wait and see.

The current market still favors the bulls, and the strong trend remains. Keep an eye on whether the 0.71 support can hold, as this is a key level for judging the next move.