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【Price Trend Analysis】Spot 1555 steady order placement! Synchronized, two-month cycle
1. Candlestick Patterns:
- Recent price fluctuations have been significant, with a sharp rebound on March 11 from a low of 1754.28 to a high of 1929.68.
- On March 10th, there was a sharp drop from the high of 2152.40 to the low of 1810.01, forming a long black candlestick.
2. Technical Indicators:
- MACD: The 1-hour MACD is in the negative zone, but the DIF and DEA are gradually converging, indicating a potential short-term stabilization.
- RSI: The RSI on the 1-hour level is at 47.23, close to the neutral zone, and has not entered the overbought or oversold area.
- EMA: The 1-hour EMA7 (1901.94) is below EMA30 (1941.55) and EMA120 (2076.71), indicating a weak short-term trend.
3. Trading Volume:
- On March 11th, the trading volume significantly increased, especially during the price rebound, indicating fund intervention.
- The volume was also relatively large during the sharp drop on March 10, indicating a high level of market panic.