The four-hour MA144 and MA169 long-term moving averages continue to exert resistance on the price, indicating a medium-term weak trend. The MACD indicator's DIF and DEA are both below the zero line, with green bars steadily increasing, showing that bearish momentum is still being released. Overall, the short-term remains in a weak correction pattern. Focus on the validity of the 63000 support level; if it is broken, the market may further decline.
Personal opinion, for reference only. Strict risk management and stop-loss are essential.
Big Brother 64800: Enter short positions near this level, add to positions at 65800, targets are 63000 and 61300.
Second Brother Auntie: Enter short positions near 1875, add at 1935, targets are 1800 and 1730.
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Analysis for February 24
The four-hour MA144 and MA169 long-term moving averages continue to exert resistance on the price, indicating a medium-term weak trend. The MACD indicator's DIF and DEA are both below the zero line, with green bars steadily increasing, showing that bearish momentum is still being released. Overall, the short-term remains in a weak correction pattern. Focus on the validity of the 63000 support level; if it is broken, the market may further decline.
Personal opinion, for reference only. Strict risk management and stop-loss are essential.
Big Brother 64800: Enter short positions near this level, add to positions at 65800, targets are 63000 and 61300.
Second Brother Auntie: Enter short positions near 1875, add at 1935, targets are 1800 and 1730.