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This wave of market movement is indeed quite intense. Recently, the rally has been continuous, with the one-hour K-line closing clearly breaking the opening price and even reaching recent new highs. The overall pattern is a strong breakout momentum.
The price is tightly hugging the 3383 integer level, touching it multiple times but still unable to break through completely. On the MACD side, the volume continues to expand upward, with DIF and DEA already far from the zero line, and the red histogram bars steadily strengthening, indicating a bullish atmosphere.
However, the RSI has already surged to 85.86, firmly in the overbought zone, which means a correction risk is brewing. But on the other hand, if the overbought condition can hold, it might actually prolong this upward trend. The short-term moving average EMA7 is at 3226.56, far ahead of EMA30 and EMA120, showing strong short-term momentum.
The trading volume is also interesting—on the one-hour cycle, the volume is 856903, significantly larger than the previous few candles, indicating that funds are indeed flowing in. On the daily chart level, the volume shows a phased increase, confirming the validity of the rally and clearly reflecting the main players increasing their positions.