Current price: $2,333 (+0.67%), narrow consolidation, direction awaits breakout



Key levels (4H)

· Resistance: R1 2,370-2,380 / R2 2,420-2,450
· Support: S1 2,300-2,280 / S2 2,220

Technical indicators (4H)

· Moving averages: Price around EMA20( 2,335), short-term MA flat, bulls and bears in balance
· MACD: Near the zero line, convergence, momentum balanced
· KDJ: Mid-range oscillation, no overbought or oversold signals
· RSI(14): 48, neutral
· Volume: Continually decreasing, lacking breakout momentum

Structure and patterns

· Daily chart: Lower highs, stable lows, forming a sideways downtrend
· 4H: Narrow range between 2,280-2,380, tug-of-war between bulls and bears

Intraday trading ideas

1. Buy low, sell high
· Short at 2,370-2,380 resistance, stop loss above 2,400, target 2,320→2,280
· Long at 2,280-2,300 stabilization, stop loss below 2,250, target 2,350-2,370
2. Follow the breakout
· Break above 2,380 with volume, go long, stop loss below 2,350, target 2,420-2,450
· Valid break below 2,280, go short, stop loss above 2,310, target 2,220
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