The short cycle of 15 minutes is still in the consolidation phase after a weak rebound, with the price running between the lower band of the BOLL, and the upper moving average pressure is obvious;
The 1H level maintains a descending channel structure, and the rebound has failed to return to the key moving averages. Overall, it is still a repair market with a bearish bias. The previous high of 3035-3070 constitutes effective resistance, with the pullback low of 2899-2940 belonging to a phase of support, but the trading volume is insufficient, and the Rebound's sustainability is limited. BOLL: The price is running close to the lower band, and the rebound is under pressure at the middle band. MACD: The green bars are shortening but have not turned red, with momentum leaning towards recovery rather than reversal. RSI: Range oscillation between 40–50, weak but not oversold. KDJ: After a low-level golden cross, it is flat, and the rebound momentum is limited. Resistance above: 2985–3000 (short-term strong resistance) 3030–3050 (Trend Resistance Zone) Lower support: 2940–2920 (First Support) 2890–2870 (strong support zone) The current market is still in a weak sentiment + low volume fluctuation stage. If the volume stabilizes above 3050, the short position idea will become invalid; If it breaks below 2890, it will open a new round of lower band space.
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The short cycle of 15 minutes is still in the consolidation phase after a weak rebound, with the price running between the lower band of the BOLL, and the upper moving average pressure is obvious;
The 1H level maintains a descending channel structure, and the rebound has failed to return to the key moving averages. Overall, it is still a repair market with a bearish bias.
The previous high of 3035-3070 constitutes effective resistance, with the pullback low of 2899-2940 belonging to a phase of support, but the trading volume is insufficient, and the Rebound's sustainability is limited.
BOLL: The price is running close to the lower band, and the rebound is under pressure at the middle band.
MACD: The green bars are shortening but have not turned red, with momentum leaning towards recovery rather than reversal.
RSI: Range oscillation between 40–50, weak but not oversold.
KDJ: After a low-level golden cross, it is flat, and the rebound momentum is limited.
Resistance above:
2985–3000 (short-term strong resistance)
3030–3050 (Trend Resistance Zone)
Lower support:
2940–2920 (First Support)
2890–2870 (strong support zone)
The current market is still in a weak sentiment + low volume fluctuation stage.
If the volume stabilizes above 3050, the short position idea will become invalid;
If it breaks below 2890, it will open a new round of lower band space.