【Price Trend Analysis】

1. K-line pattern:
- The recent price has been fluctuating around 3500, forming a relatively obvious consolidation range.
- There was a strong uptrend in the early stages, rising from 3243.52 on July 15 to the current 3514.62, but there has been high-level consolidation in recent days.
2. Technical Indicators:
- MACD: The average values of DIF and DEA are close, and the MACD histogram shows a relatively balanced strength between long and short positions, which may continue to fluctuate in the short term.
- RSI: RSI14 hovers around 60, not entering overbought or oversold territory, indicating a neutral bias long in market sentiment.
- EMA: EMA7 (3501.22) is close to the current price, EMA30 (3436.42) and EMA120 (3320.37) are in a bullish arrangement, the long-term trend is still upward.
3. Trading Volume:
- The recent Trading Volume has decreased, especially the 64014 at 08:00 on July 21st, which has significantly decreased compared to the previous few hours, indicating a strong market wait-and-see sentiment.
- The previous sharp rise accompanied by a large volume indicates a strong driving force of funds, but currently, there is a need to be cautious about the risk of a pullback.