In the four-hour chart, the Bollinger band is getting closed, and each moving average line is glued and bonded. The market fluctuated near it and it failed to break the MA5. Instead, it continued to go down.
It can be seen that the short side is more powerful, and as the upper and lower rails continue to move closer to the middle rail, the fluctuation range of the price is continuously suppressed and narrowed. The MACD fast and slow line is sticking below the zero axis. Both RSI and Stoch show signs of downward volume. Therefore, in the medium and long-term trend, the oscillating operation can not be maintained for too long.
For today's operation, you can pay attention to the $7,050-$7,350 range. Friends who are expecting a deep drop can focus on the $7,000. Once the price drops below $7,000, it may fall further. At present, it is still dominated by downward shocks.
It can be seen that the short side is more powerful, and as the upper and lower rails continue to move closer to the middle rail, the fluctuation range of the price is continuously suppressed and narrowed. The MACD fast and slow line is sticking below the zero axis. Both RSI and Stoch show signs of downward volume. Therefore, in the medium and long-term trend, the oscillating operation can not be maintained for too long.
For today's operation, you can pay attention to the $7,050-$7,350 range. Friends who are expecting a deep drop can focus on the $7,000. Once the price drops below $7,000, it may fall further. At present, it is still dominated by downward shocks.