【Price Trend Analysis】

1. Candlestick Pattern:

- The price has fluctuated in the range of 3400 to 3500 recently, forming a relatively stable box consolidation pattern.
- On July 19th and 20th, there were long upper shadow lines, indicating strong resistance above.

2. Technical indicators:

- MACD: DIF and DEA are close to the zero axis, and the MACD histogram alternates between red and green, indicating that the market is in a oscillating state, but with signs of strengthening.
- RSI: The RSI14 value is 60.10, close to the overbought zone but not entering it, indicating there is still room for upward movement in the short term.
- EMA: EMA7 (3480.01) > EMA30 (3418.40) > EMA120 (3310.23), the moving averages are arranged in a bullish manner, indicating a positive medium to long-term trend.

3. Trading Volume：

- Trading Volume significantly increased on July 19, reaching 631889, indicating increased capital activity.
- On July 20th, the Trading Volume has fallen slightly but still remains at a high level, indicating that the market attention is still high.