Morning Analysis by AICoin: BTC, ETH, WIF Market Analysis Incoming

CN
1 year ago

Morning market trends may go how? Little A analyzes for you!

Welcome to ask Little A in the group chat for more analysis: https://jv.mp/JaQ0CE

BTC

BTC's 1-hour price trend: Sideways.

Little A Morning Analysis: BTC, ETH, WIF Market Analysis Coming_aicoin_Figure 1

This is a 1-hour Binance BTC/USDT K-line chart, with the latest price at: 64220.7 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy point one: 65000 USDT (price close to EMA(30) support, if it can stabilize above this level, it may attract buying interest)
  • Buy point two: 64000 USDT (near recent low, if the price retraces to this level, it may form a double bottom, a stronger technical support level)
  • Long stop loss point: 63500 USDT (below the recent low, providing enough space to avoid triggering stop loss due to minor fluctuations)
  • Sell point one: 66000 USDT (repeatedly tested resistance level in the near term, suitable as an initial profit-taking point)
  • Sell point two: 67000 USDT (near the high point at 07:00 on April 23, a psychological and technical resistance level)
  • Short stop loss point: 67500 USDT (above sell point two, leaving some room to avoid triggering stop loss due to market fluctuations)

【Price Trend Analysis】

  1. K-line pattern:
  • Recent K-line shows significant price fluctuations, such as the clear difference between the high point of 67222 at 07:00 on April 23 and the low point of 63575. The latest K-line (07:00 on April 25) is a small positive line, indicating some control by the buyers.
  • No specific reversal or sustained pattern of special K-line combinations within a specific time period.
  1. Technical indicators:
  • MACD indicator: The current MACD histogram is negative and the DIF is running below the DEA, indicating a bearish market trend in the short term, but the decreasing negative value may indicate a potential trend change.
  • KDJ indicator: The J value is at 36.17, higher than the K and D lines, which may indicate an overbought situation, and attention should be paid to the possibility of a pullback.
  • EMA indicator: The price is below EMA(7) and above EMA(30), implying a still positive medium-term trend, but under pressure in the short term.
  1. Volume:
  • Recent volume has decreased, for example, from 21204.9470 at 03:00 on April 25 to 7936.7610 at 07:00 on April 25, indicating a decrease in market activity.
  • Decreasing volume usually means a lack of strong support for the current price trend, and more volume is needed in the future to confirm the trend.

ETH

ETH's 1-hour price trend: Down.

Little A Morning Analysis: BTC, ETH, WIF Market Analysis Coming_aicoin_Figure 2

This is a 1-hour Binance ETH/USDT K-line chart, with the latest price at: 3136.48 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy point one: 3150 USDT (considering the cross of EMA(7) and EMA(30), and the MACD indicator showing strengthened downward momentum, further retracement is expected to this support level)
  • Buy point two: 3105 USDT (near recent low, if the price continues to probe the bottom, this level may provide strong support)
  • Long stop loss point: 3080 USDT (leave enough space to avoid triggering stop loss due to minor fluctuations, and considering 3102.5 as a recent significant low point, set the stop loss below it)
  • Sell point one: 3200 USDT (the current rebound has not surpassed the previous high point, and with insufficient volume, it is considered as an initial profit-taking area)
  • Sell point two: 3250 USDT (close to the previous local high point, if market sentiment improves and drives the price higher, it can be seen as a higher selling target)
  • Short stop loss point: 3300 USDT (exceeding the recent high within the period, providing a safety cushion for short operations)

【Price Trend Analysis】

  1. K-line pattern:
  • Recent hourly chart shows the price experienced a drop from the high point of 3293.38 to the low point of 3102.5, followed by a rebound. The latest K-line has a smaller body, indicating a weakening market determination.
  • No typical single K-line reversal signals such as hammer or shooting star lines within a specific time period, but between 20:00 on April 24 and 03:00 on April 25, the price fluctuation range narrowed, possibly implying a short-term trend change.
  1. Technical indicators:
  • In the MACD indicator, both DIF and DEA are negative, and the MACD histogram shows an expanding trend, indicating strengthened downward momentum in the short term.
  • In the KDJ indicator, the J value has exceeded 80 in multiple periods, indicating the market may be in an overbought state, and caution is needed for potential pullback risks. The recent downward crossover of the K and D lines is also a sell signal.
  • In the EMA indicator, the short-term EMA(7) has crossed below the long-term EMA(30), which is usually seen as a signal of a weakening short-term trend.
  1. Volume:
  • Volume increased as the price fell, especially during the large bearish candle period from 02:00 to 03:00 on April 25, indicating active selling pressure during the decline.
  • With the price's minor rebound, the volume did not significantly increase, indicating insufficient upward momentum, and caution should be exercised regarding possible continued decline.

WIF

WIF's 1-hour price trend: Down.

Little A Morning Analysis: BTC, ETH, WIF Market Analysis Coming_aicoin_Figure 3

This is a 1-hour Binance WIF/USDT K-line chart, with the latest price at: 3.0929 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy/Sell Points】

  • Buy point one: 3.0500 USDT (This price is close to the lows of April 24. If the price can find support at this level, it may present a short-term rebound opportunity)
  • Buy point two: 2.9700 USDT (This is a relatively obvious support area before the evening of April 23 and the morning of April 24. If the price falls to this level, there may be more buying interest)
  • Long stop loss point: 2.9400 USDT (Leave enough space to avoid triggering stop loss due to minor fluctuations, and considering that the market may further decline below 2.9400 USDT)
  • Sell point one: 3.2000 USDT (This price is a relatively high point in the past few hours. If the price rises to this level, it may encounter selling pressure)
  • Sell point two: 3.3000 USDT (This price is a higher level in the past 24 hours. If the price can break through and stabilize above this level, it may indicate a change in trend)
  • Short stop loss point: 3.3500 USDT (Exceeding this price indicates a possible upward reversal in the market, so set a short stop loss point to limit losses)

Price Trend Analysis

  1. K-line pattern:
  • Recent K-lines show intensified price fluctuations, especially between 19:00 on April 23 and 19:00 on April 24, with a large price range. A long upper shadow appeared at 19:00 on April 24, indicating that although buyers pushed the price higher, the closing price ultimately did not hold at the high, possibly indicating selling pressure.
  • From 20:00 on April 24 to 07:00 on April 25, the price trended downward, with shorter real bodies in multiple time periods, and the opening and closing prices were close, indicating unclear market determination.
  1. Technical indicators:
  • The average values of DIF and DEA in the MACD indicator have gradually decreased since 22:00 on April 24, and after 01:00 on April 25, DIF fell below DEA, forming a dead cross signal, indicating the possibility of more downward pressure in the short term.
  • In the KDJ indicator, the J value peaked at 21:00 on April 24 and then sharply declined, followed by the K and D lines also starting to decline, which is usually seen as a sell signal.
  • The EMA indicator shows that the 7-period EMA crossed below the 30-period EMA later on April 24 and continued to decline, reflecting a bearish trend in the short term.
  1. Volume:
  • During the rapid price increase at 19:00 on April 24, the volume also increased, indicating strong trading support for the price increase.
  • Subsequently, during the price decline, the volume decreased, especially from 02:00 to 07:00 on April 25, with relatively low volume, indicating a decrease in participant activity in the downward trend.

※All content is provided by the intelligent analysis assistant Little A, and is for reference only, and does not constitute any investment advice!

Little A Intelligent Analysis is the industry's first intelligent analysis tool recommended by AICoin, which easily helps you interpret the trend of currencies, analyze indicator signals, and identify entry and exit points. You can experience it on the APP or PC.

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