Crypto Master Community: Bitcoin October 4th [Market Analysis]

[Price Trend Analysis]

1. K-line Pattern:

• The daily level shows that the recent price has been continuously rising, forming multiple bullish candles, especially the strong surge from October 1st to October 3rd, indicating a clear breakout trend.

• In the 4-hour cycle, the K-line shows an upper shadow near 122500, indicating some short-term selling pressure, but overall it remains in a high-level consolidation state.

1. Technical Indicators:

   • MACD: In the 4-hour cycle, both the DIF and DEA averages are diverging upwards, the red bars are shortening but still positive, indicating a slight weakening of momentum; the daily level MACD maintains a bullish trend, with red bars continuing to expand.

   • RSI: The 4-hour cycle RSI is close to the 78-80 range, entering the overbought area, caution is needed for short-term pullback risks; the daily level RSI remains above 70, showing a strong bullish trend.

   • EMA: The current price is above EMA7, EMA30, and EMA120, with EMA7 > EMA30 > EMA120, indicating a healthy bullish arrangement. EMA7 (121766) provides support for the price.

2. Trading Volume:

• The daily trading volume has gradually increased since the end of September, with a significant rise from October 1st to October 3rd, indicating active participation from funds in driving the market.

• In the 4-hour cycle, trading volume has shrunk after reaching a peak, showing a weakening willingness to chase prices in the short term, and high levels may face adjustment pressure.

• 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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