March 5th Auntie's Morning Technical Analysis

The daily chart on March 4th shows a massive bullish candle, indicating strong bullish momentum, but the short-term rally has been excessive, suggesting a need for a pullback.

On the 1-hour chart, after reaching the 2199 high point, there have been consecutive long upper shadows and large bearish candles, forming a short-term top reversal pattern, indicating heavy selling pressure. The latest candlestick is a small bullish candle, but with very low volume, showing insufficient rebound momentum.

MACD: The DIF line on the 1-hour chart has fallen from a high level, and the MACD histogram continues to shrink and approaches the zero line, indicating a significant weakening of bullish momentum and a potential bearish divergence, with a short-term possibility of a death cross.

RSI: After reaching 80.09 in the oversold area at 03:00 on the 1-hour chart, the RSI quickly retreated, currently at 64.61, indicating the market has cooled down from extreme excitement, with considerable short-term correction pressure.

EMA: The current price of 2133.68 has fallen below the short-term EMA7 (2138.04), which is beginning to flatten or turn downward, forming a short-term resistance. However, the price remains well above EMA30 (2073.87) and EMA120 (2007.33), so the medium- to long-term trend remains bullish.

Volume: The volume on the daily chart on March 4th was massive, supporting the strong rally of that day.

- On the 1-hour chart, volume increased when the price surged near 2199, and again increased during the large bearish candle at 06:00, indicating intense competition between bulls and bears in this area, with the bears gaining the upper hand.

- The latest small bullish candle at 07:00 shows extremely low volume, indicating the current rebound lacks buying support.