2024-06-14 08:07:57

【Price Trend Analysis】

Candlestick Pattern:
Recently, the price has fluctuated within the range of 66,000 to 70,000, experiencing significant volatility.
June 12th and 13th saw long upper shadows, indicating significant selling pressure from above.
Technical Indicators:
MACD: The current MACD is in the negative zone, but there are signs of convergence, which may indicate a weakening of the downward momentum.
RSI: Currently around 40, RSI has not entered overbought or oversold areas, indicating a relatively neutral market.
EMA: Short-term EMA(7) is below long-term EMA(30,120), indicating a bearish overall trend. The current price is close to EMA(7), and its support role should be noted.
Trading Volume:
During the period from June 11th to 14th, the trading volume increased significantly, especially the big dump with heavy volume on June 12th and 13th, indicating a sharp market sentiment fluctuation.
The trading volume of the recent few K-lines has decreased, indicating an increase in market wait-and-see sentiment.
It is suggested that high altitude should be the main focus.

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