Overall analysis of the daily chart on July 9, 2025

Recently, the price has been fluctuating around the middle band of the Bollinger Bands, with an overall weak trend but no obvious directional breakout.
In the short term, the contraction of the Bollinger Bands, the shortening of the MACD histogram, and the doji candlestick pattern signals indicate a wait-and-see sentiment in the current market, with both bullish and bearish forces temporarily balanced. The short-term price trend may continue to maintain within a narrow range of fluctuations, and attention should be paid to the breakout situation of the upper and lower Bollinger Bands.
Suggestion: Currently, the market momentum is insufficient, and it is not advisable to chase highs or lows. Investors are advised to adopt a wait-and-see attitude and take action only after the price breaks through a clear direction. If the market breaks above the upper Bollinger Band (2665.39), a light long position can be attempted, targeting the previous high of 2878.00; if it falls below the lower Bollinger Band (2271.36), it may be worth considering a short position, but strict stop-loss measures should be set to avoid the risk of false breakouts. Short-term investors can combine the "follow the major trend and counter the minor trend strategy" to capture rebound or pullback opportunities in extreme market conditions, with strict profit-taking and stop-loss management.
Technical Analysis
Candlestick pattern: Recently, a doji candlestick pattern has appeared, indicating a balance of bullish and bearish forces in the market, which may lead to a trend reversal or consolidation.
BOLL: The Bollinger Bands are in a converging state, with prices near the middle band, indicating that the market is in a consolidation phase.
MACD: The DIF line is slightly below the DEA line, and the red bars are shortening, indicating that market momentum is weakening. There may still be fluctuations or a wait-and-see approach in the short term.
Follow the big trend and go against the small trend for short-term: Current indicators show that the market is in a downtrend, but short-term rebound signals have appeared in the big trend, so short-term counter-trend operations can be attempted.
potential buying and selling points
Buying point: 2468 USDT (support near the middle band of the Bollinger Bands, this area has historically performed well, and the current price is close to the average level, suitable for low-risk entry.)
Long stop loss point: 2380 USDT (Breaking below the previous low and the lower Bollinger Band indicates that support has failed, and the trend may turn bearish.)
Sell Point: 2665 USDT (The resistance at the upper Bollinger Band is明显, and the price has approached this area multiple times before retracing, making it suitable for short-term high-position selling.)
Short selling stop-loss point: 2878 USDT (breaking through recent highs indicates a clear upward trend, short-term short selling needs to avoid breakthrough risks.)

This interpretation is for reference only.