Crypto Master Community: Bitcoin September 29 [Market Analysis]
[Price Trend Analysis]
- K-Line Pattern:
The daily level shows that the recent price has been fluctuating in the range of 109,000 to 110,500, forming a slight rebound, but overall it is still in the recovery phase after the previous significant drop.
The 4-hour K-Line shows a gradual rise in lows, indicating signs of stabilization in the short term, but there is clear resistance around 110,500.
Technical Indicators:
MACD: The daily level DIF and DEA are both negative, indicating a weakening of bearish strength; the 4-hour level DIF is approaching DEA upwards, showing a golden cross signal, with short-term bullish momentum increasing.
RSI: The daily RSI (14) value is 46.61, close to the neutral zone; the 4-hour RSI has rebounded from the oversold area and is currently at 46.61, indicating a cautiously optimistic market sentiment.
EMA: The current price is above EMA7 (109,737.82), but close to EMA30 (110,569.84), indicating resistance above. EMA120 (112,745.47) is far from the current price, and the long-term trend remains bearish.
Trading Volume:
The daily trading volume continues to shrink, dropping from 14,243 on September 26 to 4,044 on September 28, indicating a decrease in market participation, with both bulls and bears showing strong wait-and-see sentiment.
The 4-hour trading volume fluctuates little, with no significant increase or decrease observed, and the short-term direction has not yet clearly broken through.
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 Master.]
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