$BTC 24-hour trend [down] July 11
[Buy and sell points]
Buy point 1: 57000 USDT (close to the previous low, with support at the integer level)
Buy point 2: 56000 USDT (further down to a stronger support range, also near the recent lowest point)
Long stop loss point: 55500 USDT (500 points below buy point 2, to prevent a sharp decline after breaking)
Sell point 1: 60 000 USDT (integer level, with strong pressure)
Selling point 2: 61000 USDT (EMA30 moving average position, with large selling pressure)
Short stop loss point: 61500 USDT (500 points above selling point 2, to prevent further rise after breakthrough)
[Price trend analysis]
K-line pattern:
The recent K-line shows a volatile downward trend. After a sharp dive on July 4, the price fluctuated between 57000 and 58000. The K-line on July 11 is a positive line, but the upper shadow line is long, indicating that the upper pressure is large.
Technical indicators:
MACD: Both DIF and DEA are in the negative area, and the MACD histogram continues to be negative, indicating that the market is still in a bearish trend. RSI: The current value of RSI14 is 40.7, close to the oversold area, but not in, and there may be a rebound demand in the short term. EMA: EMA7 (57995.6) is lower than EMA30 (61281.3), and EMA30 is lower than EMA120 (62124.8). The moving average system shows a short position, confirming the current downward trend.
Volume:
The volume on July 10 increased significantly, reaching 254249, indicating a large amount of selling. The volume fell back to 70527 on July 11, and the market sentiment eased, but it was still weak overall.