【Price Trend Analysis】
- K-line Pattern:
The daily level shows that the recent price has been oscillating at a high level. After a long upper shadow bullish candle appeared on September 18, it has closed bearish for two consecutive days, indicating heavy selling pressure above.
The 4-hour level has formed a short-term descending channel, with highs gradually moving down and lows also decreasing.
Technical Indicators:
MACD: In the 4-hour cycle, DIF and DEA continue to diverge downwards, with green bars expanding, indicating enhanced bearish momentum; at the daily level, DIF is close to the zero axis, showing signs of a death cross.
RSI: The 4-hour cycle RSI value is 43.74, in a weak range but not in the oversold area; at the daily level, RSI has fallen from above 60 to around 44, indicating weakened bullish strength.
EMA: In the 4-hour cycle, the price has fallen below EMA7 (115939), and EMA7, EMA30, and EMA120 are in a bearish arrangement; at the daily level, the price is running below EMA7 (116534), and the EMA moving averages are starting to turn downwards.
Trading Volume:
Daily trading volume has significantly shrunk since September 18, indicating that market sentiment is becoming cautious, with both bulls and bears showing strong wait-and-see attitudes.
In the 4-hour cycle, the recent K-line trading volume is low, reflecting a lack of clear direction in the short term.
Wishing you successful trading!
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow the real-time strategies of crypto experts.】
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