Let's talk about the 4-hour candlestick chart of PTB/USDT. I focus on several technical reasons for it.

The short-term moving average has significantly crossed above the long-term moving average, and both are showing a clear upward trend, which is a typical formation of a bullish arrangement, indicating that the medium-term trend structure has preliminarily improved.

The price of PTB has been consolidating at a low level in a narrow range between 0.003000 - 0.004000 for a long time. Currently, the price has firmly stood above 0.005, marking an effective breakthrough from the bottom consolidation range that lasted for several months. Generally speaking, such breakouts after a long period of sideways movement are worth monitoring for their potential follow-up space.

Although from the latest candlestick, the price has retreated from its peak, currently showing a daily decline of -11.03%. But please note a key piece of data: the intraday volatility reached as high as 15.95%. This means that today, the price experienced violent fluctuations, with a high of 0.006347. Such high volatility candlesticks with long upper shadows, appearing after previous increases, are likely a rapid profit-taking cleansing and accumulation behavior by the main force, rather than the end of a trend.

The cryptocurrency is highly volatile, and opportunities coexist with risks. I am Brother Niu, rational analysis, cautious trading. #山寨币热点 #加密市场观察