Price Trend Analysis



1. Candlestick Patterns:

- The daily chart shows recent prices pulling back from high levels, forming consecutive bearish candles, indicating a weak downward trend.
- In the 4-hour cycle, the price is consolidating around 3200, but overall remains within a downward channel.

2. Technical Indicators:

- MACD: The 4-hour MACD remains below the zero line, with DIF and DEA diverging downward, indicating strong bearish momentum.
- RSI: RSI(14) is around 36, approaching the oversold zone, suggesting a potential short-term rebound, but not yet in a clear trend phase.
- EMA: The current price is below EMA7, EMA30, and EMA120, with all moving averages aligned bearish, indicating an overall bearish trend. EMA7 (3217.75) exerts short-term resistance.

3. Volume:

- Daily trading volume is gradually decreasing, indicating market sentiment is becoming cautious.
- In the 4-hour cycle, volume increased during the previous sharp decline, but currently volume has waned, showing a strong wait-and-see attitude. $BTC $ETH #欧美关税风波冲击市场
BTC-0,92%
ETH-0,93%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
GateUser-991ecf11vip
· 4h ago
Hold on tight, we're about to take off 🛫
View OriginalReply0
SouthernSchoolDemonCultIcevip
· 4h ago
Years of hard study in the cold window. Only for today, with leverage at its maximum a hundred times. A promise to the one I love. Losing half would be a disrespect to the dog in disguise. A lack of trust in myself.
View OriginalReply0
DemonCultBrother-In-Lawvip
· 4h ago
Years of hard study in the cold window. Only for today, with leverage at its maximum a hundred times. A promise to the one I love. Losing half would be a disrespect to the dog in disguise. A lack of trust in myself.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)