Crypto Master Community: Bitcoin September 28th [Market Analysis]

[Price Trend Analysis]

1. K-Line Pattern:

   • The daily level shows that the recent price has entered a consolidation phase after a significant decline, with a long lower shadow appearing on September 25, indicating some buying support at lower levels.

   • A slight rebound has formed at the 4-hour level, but overall it remains in a downward channel, with highs gradually decreasing.

2. Technical Indicators:

   • MACD: Both the 4-hour cycle DIF and DEA are negative, the histogram is shortening but has not turned positive, indicating that bearish strength is weakening but has not yet turned strong.

   • RSI: The current RSI (14) is around 36, close to the oversold zone, suggesting a potential short-term rebound demand, but the trend is weak.

   • EMA: The price continues to operate below EMA7, EMA30, and EMA120, and the moving averages are in a bearish arrangement, indicating that the overall trend remains bearish. EMA7 (109501) poses short-term pressure on the price.

3. Trading Volume:

   • Daily trading volume has significantly shrunk, dropping from a peak of 14243 on September 26 to 653 on September 28, indicating a noticeable decline in market activity.

   • The 4-hour trading volume is also gradually decreasing, suggesting that both bulls and bears are in a wait-and-see mood, lacking a clear directional driving force.

   • 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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