K-line pattern: The daily chart shows that BTC/USDT closed positive for two consecutive days on July 13 and 14, and the price rose from 57870 to 59430, forming a clear upward trend. In the hourly chart, the price fluctuated greatly in recent hours, but the overall trend was oscillating upward.
Technical indicators:
MACD: The hourly MACD fast and slow lines are both above the zero axis, and DIF (384.8) is higher than DEA (330.7), indicating that the current market is in a bull market.
RSI: The hourly RSI is 63.2, close to the overbought range, but has not yet entered the extreme area. There may be a short-term correction pressure.
EMA: The hourly EMA (7) is 59313.8, EMA (30) is 58665.4, and EMA (120) is 58015.4. The price is above all moving averages, showing a strong upward trend.
Short-term advice: Still mainly low-long!
Buy near 58600, target 59980, stop loss 500 points
BTC
