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.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
5
Repost
Share
Comment
0/400
SmartMoneyWallet
· 12h ago
RSI 85.86 is really not low. Is the main force trying to eat up to 3400 in one go or preparing to trap? The integer level at 3383 is tightly held, indicating there are chips waiting above.
View OriginalReply0
BTCBeliefStation
· 12h ago
Damn, RSI is already at 85, and you're still chasing? That's just asking for trouble.
View OriginalReply0
LiquidityWitch
· 13h ago
RSI has already soared to 86 and they're still hyping the rally. Don't cry when the correction comes.
View OriginalReply0
IronHeadMiner
· 13h ago
The RSI of 85.86 still dares to push higher, which is to test whether it can eat up 3383. However, I bet the main force won't be able to break through this wave.
View OriginalReply0
RektCoaster
· 13h ago
3383 really can't hold up, the main force is repeatedly dumping there
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.