The four-hour chart Bollinger Bands are slightly opening downward, with the middle band trending downward. The price broke below the lower Bollinger Band and then rebounded upward without breaking the MA60, but it has stabilized above the MA5. Except for the MA5 turning upward, all other moving averages are downward. The medium- and short-term moving averages are arranged sequentially downward. The MACD fast and slow lines are forming a golden cross below the zero line, indicating decreasing bearish momentum. The RSI fast and slow lines are forming a golden cross and rising, moving from the oversold area into the normal zone. The one-hour chart shows the price stabilizing above the middle Bollinger Band. The Bollinger Bands are narrowing with the three lines horizontal; if it does not break above the MA240, a downward correction and consolidation are expected. The MA10 crosses above the MA30. Short-term moving averages are forming a complex crossover. The MACD fast and slow lines are forming a golden cross below the zero line, with bullish momentum shrinking. The RSI fast and slow lines are forming a death cross, moving from the overbought area into the normal zone.
Conclusion: Range-bound with a slight upward bias, with a downward correction and consolidation if it does not break above the four-hour middle band. Resistance: 3046 3142 3256 Support: 2894 2831 Strategy: Do not break above the four-hour middle band; light short positions, add at 3013, reduce positions after correction, and add again at 3044.
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The four-hour chart Bollinger Bands are slightly opening downward, with the middle band trending downward. The price broke below the lower Bollinger Band and then rebounded upward without breaking the MA60, but it has stabilized above the MA5. Except for the MA5 turning upward, all other moving averages are downward. The medium- and short-term moving averages are arranged sequentially downward. The MACD fast and slow lines are forming a golden cross below the zero line, indicating decreasing bearish momentum. The RSI fast and slow lines are forming a golden cross and rising, moving from the oversold area into the normal zone. The one-hour chart shows the price stabilizing above the middle Bollinger Band. The Bollinger Bands are narrowing with the three lines horizontal; if it does not break above the MA240, a downward correction and consolidation are expected. The MA10 crosses above the MA30. Short-term moving averages are forming a complex crossover. The MACD fast and slow lines are forming a golden cross below the zero line, with bullish momentum shrinking. The RSI fast and slow lines are forming a death cross, moving from the overbought area into the normal zone.
Conclusion: Range-bound with a slight upward bias, with a downward correction and consolidation if it does not break above the four-hour middle band.
Resistance: 3046 3142 3256
Support: 2894 2831
Strategy: Do not break above the four-hour middle band; light short positions, add at 3013, reduce positions after correction, and add again at 3044.