$BTC 24-hour trend [down]

[Buy and sell points]

Buy point 1: 56000 USDT (close to the previous low of 56563.46, integer level has support)

Buy point 2: 55000 USDT (further down to a stronger integer level, with a large buying potential)

Long stop loss point: 54500 USDT (slightly lower than buy point 2, to prevent false breakthroughs)

Sell point 1: 58000 USDT (close to EMA7 average Line 58625.91, short-term pressure level)

Selling point 2: 59000 USDT (close to the previous high of 58449.46 and the EMA30 moving average of 62445.48, there is selling pressure)

Short stop loss point: 59500 USDT (slightly higher than selling point 2, to prevent false breakthroughs)

[Price trend analysis]

K-line pattern:

The recent K-line shows an obvious oscillating downward trend, especially the big negative lines on July 4 and July 7, 2024. There were many long upper shadows from June 24 to July 3, 2024, indicating heavy selling pressure from above.

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. In recent days, the gap between DIF and DEA has widened, and the strength of the short position has increased.

RSI: The current value of RSI14 is 32.31, close to the oversold zone, but not yet in the extreme oversold state. It is necessary to pay attention to whether it will fall further or rebound.

EMA: The price has fallen below EMA7 (58625.91) and is far below EMA30 (62445.48) and EMA120 (62445.72). The short-term, medium-term and long-term moving averages are in a short position, confirming the downward trend.

Trading volume:

On July 5, 2024, the trading volume increased significantly to 81348, accompanied by a drop in prices, indicating that a large amount of funds have left the market. The trading volume has decreased in recent days, but it remains at a relatively high level, indicating that market sentiment is still cautious. #美国6月非农数据高于预期