Coin Circle Academician: "From the Dark Line to the Bright Line! What Does the Rebound Path of BCH Reveal?" Latest Market Analysis

First, look at the trend of the market. Currently, the candlestick pattern shows a fluctuating upward trend. The positive candles on the 11th and 10th are more obvious after a large negative candle on the 6th, and the market has gradually rebounded, but the overall volatility is large. Technical indicators: MACD: The DIF and DEA are in the negative zone and have crossed, the MACD histogram has turned from green to red, indicating a short-term rebound. RSI: The RSI14 is currently at 53.4, in the neutral to strong zone, showing some upward momentum. EMA: The price has broken through EMA7 and EMA30, but is still below EMA120, indicating a short-term bullish trend, and the medium to long-term trend needs further observation.

Four-hour candlestick pattern: The price has fluctuated within the range of 330 to 340 recently, showing an overall fluctuating upward trend. Technical indicators: MACD: The DIF and DEA are close to the zero axis, but the DIF is slightly lower than the DEA, the MACD histogram shows a weakening bearish force, and there is a possibility of a golden cross. RSI: The RSI14 value is 62.7, in the mid to high range, not entering the overbought zone, but there is a risk of a pullback. EMA: The current price is above EMA7, and EMA7>EMA30>EMA120, indicating a short-term moving average system in a bullish arrangement, supporting an upward trend.

Reference points: (Rise)

Long at 330, defend at 320, stop loss at 315

Short at 350, defend at 360, stop loss at 365

Overall, Bitcoin Cash (BCH) has shown a fluctuating upward trend in the recent market, and technical indicators all point to a short-term bullish outlook. Investors should remain cautious in their operations, closely monitor market dynamics, and set stop losses reasonably to control risks. It is recommended to flexibly adjust based on real-time market data when going long or short to seize the best trading opportunities.

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