Concubine Late Session Short-Term Technical Analysis

15-Minute Level: The current candlestick is a bullish candle, with the price rebounding from the low of 1973.10 at 15:00, indicating that short-term bullish momentum is recovering.

1-Hour Level: At 1964.34, a high-volume bullish candle in the 1200-period confirms the involvement of buyers.

Daily Level: After a massive increase on March 4th, there were two consecutive days of high-volume decline on March 5th and March 6th, forming a clear bearish pattern and indicating heavy selling pressure above. As of March 7th, the current candlestick is a small bullish candle, representing a corrective rebound from the previous decline.

MACD: At the 15-minute level, the DIF line has crossed above the DEA line to form a golden cross. The MACD histogram has shifted from negative to positive and continues to expand, indicating increasing short-term bullish momentum.

RSI: At the 15-minute level, the RSI value is 55.70, in the neutral zone, not yet overbought or oversold, but showing an upward trend, indicating market sentiment is improving.

EMA: At the 15-minute level, the current price of 1984.29 is above EMA7 (1981.95) and EMA30 (1980.06), with EMA7 crossing above EMA30 to form a short-term golden cross, providing effective support. However, the price is still well below EMA120 (2006.33), which acts as strong resistance above.

Volume: At the 15-minute level, during the rebound from the low point, volume has increased, especially during the 15:00 period, indicating active buying.

1-Hour Level: A high-volume bullish candle appeared at 15:00, confirming the involvement of bottom buyers.

Daily Level: During the declines on March 5th and March 6th, there was massive volume, indicating strong bearish force. In the short term, the market still needs to digest selling pressure.