Candlestick Patterns:


The daily chart shows a rebound structure after a sharp decline. The bullish candle on April 9 (74620-83588) engulfs the previous bearish candle, but it has since closed bearish for two consecutive days and has not been able to hold above the 80,000 mark.
The hourly chart has formed a descending channel, with a significant intraday low of 78464 providing effective support. The current price is oscillating within the 79000-79300 range.
Technical Indicators:
MACD: The hourly level DIF and DEA dual lines have formed a death cross below the zero axis, with the histogram continuously expanding downwards; although the daily MACD green bars have shortened, the dual lines are still in deep water.
RSI: The hourly chart RSI14 is weakly oscillating around 40, not entering the oversold area; on the daily level, it has long been hovering in the neutral zone of 40-50.
EMA: The multiple moving averages are clearly in a bearish arrangement. The hourly EMA70 (7950601 1928374656574839201 has crossed below the EMA30 )8013901 19283746565774839201, and the daily EMA120 (8775601 1928374656574839201 constitutes distant resistance.
Trading Volume:
Key turning point with significant volume: On April 10 at 23:00, a trading volume of 5246 combined with a sharp drop to 2515 dollars, confirming a bottom of 78616 with a volume of 1876 in the early hours of the next day.
Recently, the rebound volume has decreased, and the current hourly trading volume has shrunk to 302, lacking sustained buying support.
Buy and Sell Points
Trade Point Analysis
Long position layout:
Buy-in point 1: 78,500
(The support level formed by the previous low point of 78464, combined with the rebound demand near EMA120, reinforces the integer threshold.)
Buy-in point two: 77,800
(If the price continues to test downwards, 77000-77800 is a strong support area for short-term bulls, with a 1% interval to ensure risk control)
Long stop loss point: 76,900
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