Candlestick pattern: Recently, the K-line has shown a fluctuating trend, with prices fluctuating in the range of 94000 to 95000. After a sharp decline in the early stage, there are signs of stabilization at present, but there is greater pressure above. Technical indicators: MACD: The MACD fast and slow lines on the hourly chart are running below the zero axis, with shrinking green bars and signs of a golden cross; on the daily chart, the MACD fast and slow lines are above the zero axis, with shrinking red bars and the risk of a death cross. RSI: The RSI value on the hourly chart is 44.9, indicating a neutral and weak bias; the RSI value on the daily chart is 44.7, also indicating a neutral and weak bias. EMA: On the hourly chart, EMA7 (94488.2), EMA30 (94993.1), and EMA120 (96233.9) are all in a bearish arrangement; on the daily chart, EMA7 (96231.2) is below EMA30 (96667.9) but higher than EMA120 (82554.4). Trading volume: The hourly trading volume is generally stable, without any significant increase or decrease. The daily trading volume has decreased, and there is a strong market sentiment of wait and see. #BTC
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
[Price Trend Analysis]
Candlestick pattern:
Recently, the K-line has shown a fluctuating trend, with prices fluctuating in the range of 94000 to 95000.
After a sharp decline in the early stage, there are signs of stabilization at present, but there is greater pressure above.
Technical indicators:
MACD: The MACD fast and slow lines on the hourly chart are running below the zero axis, with shrinking green bars and signs of a golden cross; on the daily chart, the MACD fast and slow lines are above the zero axis, with shrinking red bars and the risk of a death cross.
RSI: The RSI value on the hourly chart is 44.9, indicating a neutral and weak bias; the RSI value on the daily chart is 44.7, also indicating a neutral and weak bias.
EMA: On the hourly chart, EMA7 (94488.2), EMA30 (94993.1), and EMA120 (96233.9) are all in a bearish arrangement; on the daily chart, EMA7 (96231.2) is below EMA30 (96667.9) but higher than EMA120 (82554.4).
Trading volume:
The hourly trading volume is generally stable, without any significant increase or decrease.
The daily trading volume has decreased, and there is a strong market sentiment of wait and see. #BTC