[Price Trend Analysis]
- K-Line Pattern:
In recent days, the K-line has shown a fluctuating upward trend, with the closing price on August 7 breaking the previous high of 116828.93, forming a bullish candle.
Recent fluctuations have been significant, with prices repeatedly testing support and resistance in the range of 114000 to 118000.
- Technical Indicators:
MACD: Both DIF and DEA are in the negative territory, but the MACD histogram is gradually shortening, indicating a weakening of bearish strength, which may allow for further rebound potential.
RSI: The current RSI is 54.40, situated in the neutral to strong area, not entering overbought or oversold conditions, suggesting that the market still has upward potential.
EMA: EMA7 (115356.28) has crossed above EMA30 (115138.15), indicating a short-term bullish trend; EMA120 (106786.97) is far below the current price, maintaining a long-term bullish outlook.
- Trading Volume:
On August 7, the trading volume was 8980, slightly decreased compared to the previous day, indicating a slowdown in capital inflow.
Overall, the trading volume has remained at a relatively stable level in recent days, with no significant signs of increased or decreased volume.
[Buy and Sell Points]
Buy Point One: 115000 USDT (Reason: Near the previous swing low, strong support at the integer level, and close to the EMA7 support level)
Buy Point Two: 113500 USDT (Reason: Closer to the area below the previous low of 114129.75, with significant signs of activity in trading volume, likely forming strong support)
Long Stop Loss Point: 112500 USDT (Reason: A drop below the previous low of 112650 further confirms the loss of key support, mitigating the risk of trend reversal)
Sell Point One: 118000 USDT (Reason: Pressure area below the previous high of 119273.36, with selling pressure at the integer level, short-term target)
Sell Point Two: 120000 USDT (Reason: Breaking above the previous high and entering the psychological integer level area, significant selling pressure may occur)
Short Stop Loss Point: 121000 USDT (Reason: If the price breaks above 120000 and continues to rise, it indicates a strong market sentiment, requiring timely stop loss)
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[The above analysis and strategies are for reference only. Risks are to be borne by the reader. The article review and publication may have delays, and strategies may lack timeliness. Specific operations should refer to the real-time strategies of Crypto Master.]
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