Recent price action is making people a bit anxious——after a volume-driven decline, there's only been a modest rebound, and the entire market looks lethargic, typical of weak-state correction. The price is now holding steady at the 3088 level, but from daily-line history, the pattern of multiple failed rallies is very familiar, with the short term just oscillating repeatedly between 3050 and 3100, unable to form a true trend breakthrough.
What's happening with MACD at the hourly level? The negative values are converging, with DIF and DEA both approaching the zero line, but this dead cross situation hasn't improved, indicating that bullish momentum is truly insufficient. Looking at RSI14, it's just oscillating between 40 and 50, market sentiment is like this——neither cold nor hot, with no obvious overbought or oversold signals, standard consolidation phase characteristics.
From the moving average perspective, EMA7 (3088.48) is right at the current price, providing certain support; while EMA30 and EMA120 are concentrated in the 3103 to 3134 range, forming quite significant resistance to any upside move. Upper resistance is unusually strong.
What's most frustrating? Trading volume is gradually shrinking, and recent individual K-line candles show no obvious inflow, with capital clearly in a wait-and-see mode. Although yesterday's sharp dip showed some volume increase, the rebound failed to continuously attract follow-through buying, with weak sentiment causing enthusiasm for chasing rallies to decline significantly. The overall situation remains in a stalemate.
Recent price action is making people a bit anxious——after a volume-driven decline, there's only been a modest rebound, and the entire market looks lethargic, typical of weak-state correction. The price is now holding steady at the 3088 level, but from daily-line history, the pattern of multiple failed rallies is very familiar, with the short term just oscillating repeatedly between 3050 and 3100, unable to form a true trend breakthrough.
What's happening with MACD at the hourly level? The negative values are converging, with DIF and DEA both approaching the zero line, but this dead cross situation hasn't improved, indicating that bullish momentum is truly insufficient. Looking at RSI14, it's just oscillating between 40 and 50, market sentiment is like this——neither cold nor hot, with no obvious overbought or oversold signals, standard consolidation phase characteristics.
From the moving average perspective, EMA7 (3088.48) is right at the current price, providing certain support; while EMA30 and EMA120 are concentrated in the 3103 to 3134 range, forming quite significant resistance to any upside move. Upper resistance is unusually strong.
What's most frustrating? Trading volume is gradually shrinking, and recent individual K-line candles show no obvious inflow, with capital clearly in a wait-and-see mode. Although yesterday's sharp dip showed some volume increase, the rebound failed to continuously attract follow-through buying, with weak sentiment causing enthusiasm for chasing rallies to decline significantly. The overall situation remains in a stalemate.