Crypto Master Community: Bitcoin October 1st [Market Analysis]

CN
加密大神
21 hours ago

Crypto Master Community: Bitcoin October 1st [Market Analysis]

[Price Trend Analysis]

  1. K-Line Pattern:

    • The daily level shows that the recent price quickly rebounded from the low of 109189.99 on September 28 to 114433.49, forming a strong upward trend.

    • In the 4-hour cycle, the recent K-lines show high-level fluctuations with upper shadows, indicating some selling pressure above.

  2. Technical Indicators:

    • MACD: In the 4-hour cycle, both DIF and DEA are operating above the zero axis, but the histogram is gradually shortening, indicating weakening momentum and a risk of pullback.

    • RSI: The current value is 66.54, close to the overbought range, but not fully entering the extreme area, still having some upward momentum.

    • EMA: The price continues to stay above EMA7, EMA30, and EMA120, with short-term, medium-term, and long-term moving averages in a bullish arrangement, providing strong support. EMA7 (113954.85) is the key short-term support.

  3. Trading Volume:

    • The daily trading volume has significantly increased since September 29, indicating enhanced capital activity, driving the rapid price rise.

    • In the 4-hour cycle, trading volume has shrunk, indicating that market sentiment is becoming cautious, and high levels may face adjustment pressure.

      • Wishing you successful trading!

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