$PEOPLE 24-hour trend [horizontal] July 11

[Buy and sell points]

Buy point 1: 0.055 USDT (reason: near the previous low point, there is strong support)

Buy point 2: 0.050 USDT (reason: integer level, close to the lowest price on July 8, strong support)

Long stop loss point: 0.048 USDT (reason: 2% below buy point 2, to prevent false breakthrough)

Sell point 1: 0.065 USDT (Reason: There is strong pressure near the recent high)

Selling point 2: 0.070 USDT (Reason: Integer level, close to EMA30 moving average position, there is strong pressure)

Short stop loss point: 0.072 USDT (Reason: 2% above selling point 2, to prevent false breakthrough)

[Price trend analysis]

K-line pattern:

The recent K-line shows obvious fluctuations. After a sharp drop on July 4, the price fluctuated between 0.04683 and 0.06325. Large positive lines appeared on July 6 and July 10, respectively, indicating that the bulls have strengthened, but the overall market is still in a range of fluctuations.

Technical indicators:

MACD: Both DIF and DEA are negative, and the MACD histogram is also negative, indicating that the market is still in a bearish trend, but there are signs of gradual convergence. RSI: RSI14 is currently around 40, and has not entered the overbought or oversold area, indicating that there is no extreme sentiment in the market for the time being. EMA: EMA7 (0.06139) is lower than EMA30 (0.07647), and EMA120 (0.06354) is higher than the current price, showing a short-term short position, but there may be support in the long term.

Volume:

The highest volume was 12024065465 on July 6, and then the volume decreased, but it remained relatively active. The volume has fallen in recent days, indicating that market participation has decreased and the wait-and-see sentiment of both long and short sides has increased. #德国政府转移比特币