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January 7, 2026
The current 4-hour chart is in a pullback phase after an upward move. If the upward momentum does not stabilize, the 4-hour MA5 will continue to decline. The Bollinger Bands are opening, with the upper band trending upward, the middle band rising, and the lower band rising. The three lines are all trending upward.
The three lines correspond to prices 141, 136, and 132.
On the 4-hour timeframe, the bearish volume is weakening, indicating a possible continuation of the downward trend.
On the 1-hour timeframe, the bearish volume is beginning to weaken, suggesting a potential downward trend.
Moving Averages: The 4-hour chart's MA5 and MA10 are in a golden cross and trending upward, with the K-line below the short-term MAs MA5 and MA10.
On the 1-hour chart, the MA5 and MA10 have a death cross and are trending downward, with the K-line below the short-term MAs MA5 and MA10.
MACD
MACD Indicator
The 4-hour MACD is below the zero line, indicating increasing bearish momentum.
The 1-hour MACD is below the zero line, indicating increasing bearish momentum.
RSI Indicator
The 4-hour RSI is currently in the normal trading range and is about to cross, corresponding to the zones 28 and 19.
The 1-hour RSI is currently in the normal trading range and is about to cross, corresponding to the zones 31 and 31.
Conclusion: The market is oscillating downward, with an expected rebound around 138.
Resistance levels: 140, 142, 145
Support levels: 137, 135, 132
High short strategy: Short position around 142
First take profit: 139, second take profit: 137
Low long strategy: Enter around 137
First take profit: 139, second take profit: 141