【Price Trend Analysis】

1. K-line Pattern:

• The daily level shows that the recent price is overall in a downward trend, especially since September 19, with consecutive bearish closes and gradually lowering highs and continuously refreshing lows.

• The 4-hour level has formed a clear descending channel, and the current K-line shows signs of a short-term stop near 114250, but a reversal signal has not yet been confirmed.

1. Technical Indicators:

   • MACD: In the 4-hour cycle, both DIF and DEA are below the zero axis and continue to diverge downwards, indicating that bearish strength is dominant; however, the green bars in the histogram are shortening, showing signs of weakening.

   • RSI: The current value is 32.68 (4-hour), close to the oversold range, indicating a potential technical rebound demand in the short term, but overall still leans towards weakness.

   • EMA: The price has fallen below EMA7, EMA30, and EMA120, and all three moving averages are in a bearish arrangement, with EMA7 exerting pressure on the price. Attention should be paid to whether it can break through the 115000 integer level.

2. Trading Volume:

• The daily trading volume has gradually shrunk since the increase on September 19, indicating that market sentiment is becoming cautious.

• The 4-hour trading volume has not shown significant expansion in the recent K-lines, indicating that both bulls and bears are temporarily observing.

• 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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