【Price Trend Analysis】
- K-Line Pattern:
In recent days, the K-line has shown a fluctuating downward trend. The closing price on August 25 was lower than the opening price, forming a bearish candle, and there have been two consecutive days with long upper shadows, indicating heavy selling pressure above.
After the surge on August 22, the price failed to maintain its strength, followed by several days of correction, showing that the market is in a correction phase in the short term.
Technical Indicators:
MACD: Both DIF and DEA are operating below the zero axis, and the MACD histogram remains negative and is expanding, indicating that bearish forces are dominant. However, the current DIF is gradually approaching the DEA, which may be brewing a golden cross rebound.
RSI: The RSI14 value is 42.41, close to the oversold range, indicating weak market sentiment, but it has not yet entered an extreme area.
EMA: EMA7 (114370.57) and EMA30 (115729.02) are both above the latest price, and EMA7 has crossed down through EMA30, forming a death cross, further confirming a bearish short-term trend; EMA120 (109303.78) is still far below the current price, and the long-term trend remains upward.
Trading Volume:
Recent trading volume has increased, especially during the surge on August 22, accompanied by a significant increase in volume, indicating heightened capital activity.
The trading volume gradually decreased in the following days, indicating a growing wait-and-see sentiment in the market and weakening momentum.
【Buy and Sell Points】
Buy Point One: 110500 USDT (Reason: Close to the previous low of 110588, the integer level has a support effect, and it is also near the EMA120 moving average of 109303.78, with the long-term trend still upward)
Buy Point Two: 109000 USDT (Reason: Further probing into a stronger support area, close to the EMA120 moving average position, and meets the requirement of more than 1% interval)
Long Stop Loss Point: 108500 USDT (Reason: If the price falls below the EMA120 and the integer level 108500, there may be further downside risk, so a stop loss is set)
Sell Point One: 114500 USDT (Reason: Close to the EMA7 moving average of 114370.57 and the previous high of 113667.28, there is selling pressure)
Sell Point Two: 115500 USDT (Reason: Further probing up to near the EMA30 moving average of 115729.02, and meets the requirement of more than 1% interval)
Short Stop Loss Point: 116000 USDT (Reason: If the price breaks through the EMA30 and stabilizes above the integer level 116000, the short-term trend may turn to a rebound, so a stop loss is set) #BTC#ETH
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