24H Market Review

Market Core Recap

From the previous high of 75,983 USDT, the price retreated and after reaching a temporary low of 65,511 USDT, it is now showing a slight rebound. The overall trend has not broken out of the downward framework; this rebound is merely a "technical correction after a decline." Bulls have not yet gained the dominant position, and market sentiment remains cautious and watchful.

Currently, the price is oscillating around the 67,000 USDT range, with strong resistance at 70,500-70,800 USDT (Bollinger Band middle line). The key support level is at 65,511 USDT. In the short term, it is likely to maintain this narrow range, with increased bullish and bearish battle sentiment.

Technical Signal Analysis (Yifan's interpretation)

From the core indicators, the bearish momentum has not fully dissipated:

- The KDJ indicator's three lines are operating at low levels, with no clear turning upward signal, reflecting insufficient short-term bullish momentum;
- The MACD green bars continue and are relatively long, indicating that selling pressure remains strong, making it difficult for the price to break through resistance levels upward.

Operational Strategy Suggestions

1. Focus on range trading: within the 65,511 - 70,800 USDT range, adopt a buy low, sell high approach. Lightly short near the 70,800 USDT resistance level, with proper stop-loss placement.
2. Be cautious with chasing rallies and selling dips: the current rebound is a weak correction, avoid blindly going long, and be alert to the risk of a second wave of bearish pressure breaking support.
3. Track key signals: pay close attention to the formation of KDJ golden cross, MACD green bars shrinking, and other indicator changes. If clear signs of strength appear, consider adjusting your position accordingly.