2026-03-05 02:59:22

3.5 Double Bottom Analysis

The double bottom quickly retreated after rising to 2201, effectively breaking below the short-term MA7 moving average, which has also turned downward and formed a death cross with the MA30, indicating that short-term bullish momentum is clearly weakening. After a long upper shadow at a high level, it closed consecutive bearish candles, with very weak rebound strength. The current price is repeatedly testing the key support level, but with no volume support for the rebound. The KD indicator is hovering at low levels but has not formed an effective golden cross. Market sentiment is bearish, and selling pressure continues to be released.

The short-term rebound is seen as a trap for late buyers. If support is broken, further downside space will open up, with the first target around 2060, and a break below that could lead to a move toward the 2000 integer level.
Trading suggestion: 2150-2180 range, target 2060-2000.

GT4,77%

BTC6,95%

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