💥💥💥💥💥 BTC price trend analysis on January 10, 2024: [Fall]
💥K-line shape: The recent K-line has shown large price fluctuations, with a long upper shadow line appearing from 05:00 to 06:00 on January 9, indicating increased seller pressure.
The K lines from 19:00 to 20:00 on January 8 and from 02:00 to 03:00 on January 9 are long physical positive lines, implying that buyers control the market.
💥Technical indicators: MACD indicator: The latest MACD value is negative (-328.81), and DIF is lower than DEA, indicating that there may be a downward trend in the short term.
KDJ indicators: K value 52.76, D value 64.42, J value 29.46. The J value deviates far from the K and D values, which may indicate a future price reversal or increased volatility.
EMA indicator: The current price of 46014.44 is below EMA(7)46301.18, but higher than EMA(30)46244.24, indicating that the mid-term trend is relatively stable, but it is subject to certain downward pressure in the short term.
💥Trading volume: The trading volume increased significantly at 05:00 on January 10, reaching 17027.6251, and then the price fell back. This may be a high point warning.
The overall trading volume began to gradually decrease on the evening of January 9, which is consistent with the decline in price fluctuations, indicating that market activity has declined.
