LIVE💥💥💥 BTC price trend analysis on January 9, 2024: [Fall]
💥K-line shape: The recent K-line shows large price fluctuations. For example, the long upper shadow line at 08:00 on January 9th indicates strong selling pressure, while the long lower shadow line at 20:00 on January 8th reflects buying orders. positive.
From 19:00 on January 7 to 02:00 on January 8, continuous small entities alternated between yin and yang, suggesting that the market was hesitant.
💥Technical indicators: MACD indicator: The latest MACD value is negative (-63.8), and DIF is lower than DEA, indicating that the current trend is bearish.
KDJ indicator: K value (59.69) and D value (66.16) are both higher than J value (46.75), which may indicate a potential callback risk.
EMA indicator: The closing price is above EMA(7), but the distance between EMA(7) and EMA(30) has narrowed recently. Pay attention to whether there will be a dead cross.
💥Trading volume: Trading volume gradually decreased after peaking at 08:00 on January 9, which may mean that the upward momentum has weakened.
When the price falls, the trading volume increases, such as at 20:00 on January 8, which may indicate that the seller is stronger.
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