Crypto Master Community: Bitcoin September 26th [Market Analysis]

[Price Trend Analysis]

1. Candlestick Pattern:

• The daily level shows significant recent price fluctuations. After a long bearish candlestick on September 22, a rebound bullish candlestick formed on September 24, but then it fell back, overall presenting a trend of oscillating downward.

• On the 4-hour level, the price oscillates within the range of 111,000 to 113,500, testing support and resistance levels multiple times. The current closing price of the candlestick is close to the previous low area, and it may face a directional choice in the short term.

1. Technical Indicators:

   • MACD: The 4-hour MACD histogram continues to shrink, with both DIF and DEA below the zero axis, indicating that bearish strength is dominant but showing signs of weakening.

   • RSI: The RSI value hovers around 36, not entering the oversold zone, but still leaning towards weakness, indicating cautious market sentiment.

   • EMA: EMA7, EMA30, and EMA120 show a bearish arrangement. The price has repeatedly touched EMA7 and then fell back under pressure, with the short-term trend still leaning downward.

2. Trading Volume:

• The daily trading volume gradually decreased after a significant drop on September 22, indicating that market selling pressure has eased, but buying strength is insufficient.

• The 4-hour trading volume slightly increased at key points but overall remains in a sluggish state, with strong capital wait-and-see sentiment.

• 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 refer to Crypto Master’s real-time strategies.]

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