2024.10.11 Market Analysis

The current K-line pattern of the big cake has an obvious downward trend of shock, especially

After the sharp decline yesterday and the day before yesterday, the market sentiment is bearish. There is a rebound after a sharp drop at the 4-hour level. If it does not break through 61800, it will still fluctuate weakly, and the support below is 59000-57000. The technical indicator MACD is currently below the zero axis, DIF and DEA are both negative, and the MACD histogram is green, indicating that there are signs of weakening in the short term, indicating that there are signs of consolidation at the bottom of the market.

At present, the RSI of the market is hovering around 40, and there will be a rebound at the 1-hour level. Looking at the trend indicators EMA15, 60 and 120, they are all diverging downward. The short-term moving average EMA15 has repeatedly acted as resistance to suppress the price upward. It is necessary to pay attention to the breakthrough of EMA15. Before making a decision, the trading volume is gradually decreasing, and the market is in a wait-and-see mood, waiting for new direction guidance. #BTC