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Candlestick Patterns:
Recently, the price has been oscillating in the range of 85000 to 86000, forming multiple candlesticks with long upper and lower shadows, indicating fierce competition between the bulls and bears in the market.
The Candlestick closed at 85327.71 on April 13 at 11:00, close to the previous high of 85512.07, but failed to break through, indicating that there is certain pressure above.
Technical Indicators:
MACD: DIF and DEA are above the zero axis, but the MACD histogram is gradually shrinking, indicating a weakening of the upward momentum, which may lead to a pullback.
RSI: RSI14 is at 64.88, close to the overbought zone, but has not yet entered it, indicating that the market still has upward potential, but caution is needed for a possible overbought correction.
EMA: The price is above the EMA7 (85275.33), indicating a short-term bullish trend. However, the gap between EMA30 (84348.10) and EMA120 (82202.73) is quite large, suggesting caution for the medium to long-term trend.
Trading Volume:
The trading volume at 11:00 on April 13 was 1344, a decrease compared to the previous hour, indicating a decline in market participation and a potential move into consolidation.
The trading volume at 22:00 on April 12 was 2327, marking a recent high, accompanied by a significant price increase, indicating that capital is entering the market to drive prices up. 【Buy/Sell Points】
Buy point 1: 84500 (previous low near 84724.91 as an integer support level, combined with EMA30 support, suitable for going long)
Buy point two: 84000 (Integer support level above EMA120 (82202.73), providing a lower entry point after a pullback)
Long Stop Loss Point: 83500 USDT (500 points below the entry point to prevent false breakouts and protect the stop loss)
Sell Point 1: 86000 (Recent high point near 86100 is an integer resistance level, suitable for short selling)
Sell Point 2: 86500 (After breaking the previous high, it may further probe upwards, providing a higher short position.)
Short stop-loss point: 87000 (500 points above the sell point to prevent trend reversal and protect the stop-loss)