The bulls failed to break through the $7,500 again yesterday, and the highest rushed to $7,479 and then fell back to the $7,270 currently oscillating around $7,300-$7,400.
It can be seen that $7,500 is important resistance, and subsequent price upwards will focus on 7500.
For the 4 hours chart, Bollinger Band is opening upwards, the current price of $7,400 successfully stands above the MA5 , showing that the long party is still continuing their efforts on it. The MACD fast and slow line is sticking together near the zero axis, showing a golden cross, and the RSI is increasing upwards. On the whole, the short-term market trend is still suppressed by the resistance above, and there may be a downward adjustment.
The current trend of kdj is still bullish upward, and it is also an upward trend in the upper track of kdj. Combined with the one-hour kdj, the possibility of upward trend will be particularly high. but the long term trend will be downward for sure.
Stop loss: $7,500
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