Weekly chart has three consecutive green candles now


Slowly climbed back from just over 60k to around 74k
Overall it's a weak rebound rhythm
Current price just broke above the 5-day moving average
Temporarily escaped from the previous panic decline
But the 10-day moving average is still pressing around 74,800
Still quite difficult to push upward
These days basically oscillating between 73,000 to 76,000
The fluctuation isn't that large
The bulls haven't dared to exert much force
Trading volume hasn't expanded much either
Indicates everyone is watching and waiting
In the short term, likely still grinding the bottom in this range
If volume breaks through 76k, there might be another bounce upward
But if it breaks below 73k
Could easily go test the previous lows
Haven't seen a complete reversal signal yet
More like a technical correction after the sharp decline
Better to be conservative in operations (Chen Jiaguan)
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