K-line pattern: Recent momentum shows a strong upward trend, with a daily high of 91439.46 and a low of 87076.03 forming a long bullish candle. The monthly cycle lasts several days with small positive candlesticks, indicating a strong momentum rising signal. Technical Indicators: MACD: In the 4-hour timeframe, the MACD red bars have increased to 754.1, indicating a strengthening of bullish momentum. On the daily chart, the bullish strength is strong (1730.82), and potential divergences should be monitored. RSI: The 14-day RSI reached 79.5 in the 4-hour timeframe, indicating an overbought condition, but the strong updates to higher levels suggest a bullish trend; meanwhile, the daily RSI is gradually rising, showing good upward momentum at 63.75. EMA: The 7-day EMA has broken through the 30/120-day EMA convergence zone, indicating significant short-term upward momentum, and the price is far above the long-term moving averages, maintaining an upward trend. Volume: The recent 4-hour trading volume has shown an increase, with the latest period at 14860, indicating strong momentum supporting the current trend. The daily trading volume remains at a high level of 26191, confirming a solid and undeniable upward driving effect.
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[BTC Price Trend Analysis]
K-line pattern:
Recent momentum shows a strong upward trend, with a daily high of 91439.46 and a low of 87076.03 forming a long bullish candle.
The monthly cycle lasts several days with small positive candlesticks, indicating a strong momentum rising signal.
Technical Indicators:
MACD: In the 4-hour timeframe, the MACD red bars have increased to 754.1, indicating a strengthening of bullish momentum. On the daily chart, the bullish strength is strong (1730.82), and potential divergences should be monitored.
RSI: The 14-day RSI reached 79.5 in the 4-hour timeframe, indicating an overbought condition, but the strong updates to higher levels suggest a bullish trend; meanwhile, the daily RSI is gradually rising, showing good upward momentum at 63.75.
EMA: The 7-day EMA has broken through the 30/120-day EMA convergence zone, indicating significant short-term upward momentum, and the price is far above the long-term moving averages, maintaining an upward trend.
Volume:
The recent 4-hour trading volume has shown an increase, with the latest period at 14860, indicating strong momentum supporting the current trend.
The daily trading volume remains at a high level of 26191, confirming a solid and undeniable upward driving effect.