- Recent prices have been oscillating around 3000 points, failing to break through the previous high of 3038, with support levels around 2900. - Daily candlesticks show a series of small rebounds, but overall remain in the recovery phase after a previous sharp decline, with limited volatility.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, with the MACD histogram gradually shortening, indicating weakening bearish momentum but not yet turning bullish. - RSI: The RSI(14) value hovers around 40, not entering overbought or oversold zones, indicating market sentiment is neutral. - EMA: The current price is close to EMA7 (2959), slightly below EMA30 (3022) and EMA120 (3112), suggesting a short-term weak trend with clear medium- and long-term resistance.
3. Volume:
- The 4-hour trading volume is shrinking, indicating strong market caution and lack of a clear direction. - Daily trading volume has decreased significantly compared to previous days, suggesting insufficient upward momentum. $BTC $ETH
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Price Trend Analysis
1. Candlestick Patterns:
- Recent prices have been oscillating around 3000 points, failing to break through the previous high of 3038, with support levels around 2900.
- Daily candlesticks show a series of small rebounds, but overall remain in the recovery phase after a previous sharp decline, with limited volatility.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, with the MACD histogram gradually shortening, indicating weakening bearish momentum but not yet turning bullish.
- RSI: The RSI(14) value hovers around 40, not entering overbought or oversold zones, indicating market sentiment is neutral.
- EMA: The current price is close to EMA7 (2959), slightly below EMA30 (3022) and EMA120 (3112), suggesting a short-term weak trend with clear medium- and long-term resistance.
3. Volume:
- The 4-hour trading volume is shrinking, indicating strong market caution and lack of a clear direction.
- Daily trading volume has decreased significantly compared to previous days, suggesting insufficient upward momentum. $BTC $ETH