[BTC] July 4, $BTC
24-hour trend [down]
[Buy and sell points]
Buy point 1: 58000 USDT (close to the integer mark, and the previous low of 57800.01 may form support)
Buy point 2: 57000 USDT (further down to a stronger integer mark, while close to the previous band low of 60712.21)
Buy stop loss point: 56500 USDT (if it falls below 57000, it may continue to fall sharply, so it is set 500 points below 57000)
Selling point 1: 60000 USDT (integer mark, and close to EMA7 moving average 60905, with certain pressure)
Selling point 2: 61000 USDT (further explore to a higher integer mark, and close to the previous band high of 62135.46)
Short stop loss point: 61500 USDT (if it breaks through 61000, it is likely to continue to rise, so it is set 500 points above 61000)
[Price trend analysis]
K-line pattern:
The recent K-line has shown a clear downward trend, especially since June 24, 2024, with many long negative lines. On July 4 and July 3, 2024, the price closed negative for two consecutive days, and the lowest price continued to set new lows, indicating that the short-selling force is strong.
Technical indicators:
MACD: Both DIF and DEA are below the zero axis, and the MACD histogram continues to be negative, indicating that the market is in a short market. RSI: The current value of RSI14 is 32, which is close to the oversold zone, but has not yet entered the extreme oversold state. There may be a rebound demand in the short term. EMA: The price has fallen below EMA7 (60905) and is far away from EMA30 (63698) and EMA120 (62738), indicating that the short-term, medium-term and long-term moving average systems are all in a short position.
Trading volume:
The trading volume on July 03, 2024 was 32160, and the volume fell, indicating that the selling pressure was large. The trading volume on July 04, 2024 was 16924, which was relatively reduced, but still maintained at a high level, indicating that market sentiment is still pessimistic.