【Price Trend Analysis】

1. K-Line Pattern:

• In recent days, the K-line has shown a trend of oscillating downward. After a long bullish candle appeared on August 22, it has continued to close in the red, indicating a weakening of bullish strength.

• Recent highs are gradually decreasing, and lows are also continuously moving down, forming a short-term descending channel.

1. Technical Indicators:

   • MACD: Both DIF and DEA are below the zero axis, and the green bars are expanding, indicating that bears are in control.

   • RSI: The current value is 38.45, close to the oversold area, but has not fully entered, indicating that there is still some downward momentum.

   • EMA: The price has fallen below EMA7 (112856.44) and EMA30 (115222.19), and is far from EMA120 (109278.25), indicating a short-term bearish bias.

2. Trading Volume:

• On August 26, the trading volume was 14250, a decrease compared to the previous day, showing that market sentiment is becoming cautious.

• Overall, recent trading volume has fluctuated significantly, with clear divergence between bulls and bears.

• 【Buy and Sell Points】

  • Buy Point One: 109000 USDT (Reason: Close to the previous low of 108666, strong support at the integer level, and near the EMA120 moving average of 109278, likely to form a rebound.)

  • Buy Point Two: 107500 USDT (Reason: Further probing to a more significant integer level 107500, which aligns with the bottom of the oscillation range at the beginning of August, may attract more buying interest.)

  • Long Stop Loss Point: 106800 USDT (Reason: Falling below 107500 loses an important support level and approaches the historical low area, requiring timely stop-loss to avoid risk.)

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  • Sell Point One: 112500 USDT (Reason: If the price rebounds, this is a recent high resistance level, and it is also the intersection area of EMA7 and EMA30, where selling pressure exists.)

  • Sell Point Two: 114000 USDT (Reason: Further upward movement will test a larger pressure range, coinciding with the closing price on August 21 and the integer level, where bearish strength may increase.)

  • Short Stop Loss Point: 115000 USDT (Reason: Breaking above 114000 will enter a stronger trending upward phase, requiring loss control.)

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