Crypto Master Community: Bitcoin October 12th [Market Analysis]

[Price Trend Analysis]

1. K-Line Pattern:

   • The daily level shows a large bearish candle with a long lower shadow on October 10th (lowest reaching 102000), indicating strong buying support at low levels.

   • Recently, the price has shown a fluctuating rebound in the 4-hour cycle, but overall it is still in the recovery phase after the previous significant drop.

2. Technical Indicators:

   • MACD: In the 4-hour cycle, both DIF and DEA are negative but gradually converging, with green bars shortening, indicating a weakening of bearish momentum and the possibility of forming a golden cross.

   • RSI: The current RSI(14) is around 31, having exited the oversold zone, but still showing weakness; attention is needed to see if it can further break above the 50 level.

   • EMA: The price is currently above EMA7 but has not broken through EMA30 and EMA120, indicating limited strength in the short-term rebound, while the medium to long-term trend remains under pressure.

3. Trading Volume:

   • The daily trading volume surged to 64172 on October 10th and has gradually retreated, indicating a calming of market sentiment.

   • The trading volume in the 4-hour cycle has significantly decreased, reflecting that both bulls and bears have temporarily entered a wait-and-see state.

   • 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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