Crypto Master Community: Bitcoin September 30th 【Market Analysis】

【Price Trend Analysis】

1. K-Line Pattern:

   • The daily level shows a large bullish candle breakout from September 28 to September 29, with the price quickly rising from 109,635.85 to 114,311.96, indicating a strong upward trend.

   • The 4-hour level has recently seen high-level fluctuations, with the highest point at 114,792 failing to break through effectively. The current closing price has gradually retreated to 114,091.63, and it may enter a correction in the short term.

2. Technical Indicators:

   • MACD: In the 4-hour cycle, both DIF and DEA are above the zero line, but there are signs of a top divergence (DIF is gradually declining), with the red bars shortening and momentum weakening.

   • RSI: The 4-hour cycle RSI value is 71.14, at the edge of the overbought zone, indicating potential pullback pressure; however, if it continues to maintain a high level, it suggests that the bullish trend still dominates.

   • EMA: The current price is close to the EMA7 (113,509.38) support, while EMA30 (111,839.92) and EMA120 (112,818.13) show a bullish arrangement, indicating an overall bullish trend.

3. Trading Volume:

   • The daily trading volume significantly increased on September 28 and 29, indicating that capital has driven this upward trend.

   • The 4-hour cycle trading volume is gradually shrinking, reflecting a cautious market sentiment, with both bulls and bears becoming more watchful.

     • 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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