K-line pattern:
The recent price fluctuated in the range of 57,000 to 58,000, forming a shock consolidation pattern.
A long lower shadow appeared on July 12, indicating strong support below.
Technical indicators:
MACD: Both DIF and DEA are currently positive, but the MACD histogram shows signs of weakening bullish power. It is necessary to pay attention to whether a dead cross will be formed.
RSI: RSI14 is currently at 52.9, in the neutral area, with no obvious overbought or oversold signals.
EMA: Short-term EMA7 (57770.5) is close to the medium-term EMA30 (57645.6) and the long-term EMA120 (57639.4), indicating that the market has no clear direction for the time being.
There is no large inflow of off-site funds on the weekend, and the market fluctuations will not be too large. Short-term advice: still mainly low and long!
Buy near 57200, target 58100, stop loss 450 points
BTC
