【Price Trend Analysis】
K-Line Pattern:
On the daily level, a large bearish candle appeared on September 22 (a drop of 2581 points), accompanied by increased volume, indicating strong bearish momentum.
On the 4-hour level, there have been consecutive small bullish candles recently, but overall it is still in a downtrend, with weak rebound strength.
Technical Indicators:
MACD: In the 4-hour cycle, both DIF and DEA are below the zero axis and the negative value gap continues to widen, indicating that the current market is still bearish.
RSI: The current RSI is 31.03, close to the oversold zone, but has not yet entered the extreme area, suggesting a potential technical rebound demand in the short term.
EMA: The price is running below EMA7, EMA30, and EMA120, and the EMA shows a bearish arrangement, confirming the downtrend.
Trading Volume:
On the daily level, the trading volume on September 22 significantly increased to 20782, suggesting panic selling.
On the 4-hour level, the trading volume of the recent K-lines has gradually shrunk, indicating that both bulls and bears are temporarily on the sidelines, with weakened momentum.
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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