[Bitcoin 4H level trend analysis is as follows]
1. K-line pattern:
Recent daily K-lines show that prices have experienced a downward trend, especially on April 29, when there was a large drop.
In the 4-hour K-line, prices fluctuated violently, with multiple rapid rises and rapid declines.
2. Technical indicators:
In the MACD indicator, both DIF and DEA are in the negative area, and DIF is still lower than DEA in the latest data, indicating that the market may still be in a downward trend.
The MACD histogram also shows a negative value, further confirming this trend.
The KDJ indicator shows that the J value has declined in recent cycles, but overall, K, D, and J are intertwined, and there is no obvious golden cross or dead cross signal, suggesting that the market may remain volatile in the short term.
In the EMA indicator, the 7-day EMA is always below the 30-day EMA, indicating that the market trend is weak in the short term.
3. Trading volume:
The daily trading volume gradually decreased after reaching a peak on April 24, reflecting a decline in market activity.
The 4-hour trading volume will increase when the price fluctuates greatly. For example, the trading volume at 08:00 on April 28 and 08:00 on April 27 was high, indicating that price fluctuations attracted more trading participation.
The white market still chooses high 🈳 as the main!