Big Pie four-hour candlestick chart
Bitcoin 4-hour technical analysis
MACD indicator
According to the 4-hour chart of Bitcoin, both the DIF line and the DEA line are below the 0 axis, and the DIF line has recently shown a downward trend. The MACD histogram shows that the green histogram is gradually enlarging, indicating that the current market is weak and the downward momentum is increasing.
KDJ indicator
From the KDJ indicator, the K line, D line and J line are all at a relatively low position, and the J line crosses the K line and D line, forming an oversold pattern. However, the overall pattern is still weak.
Bollinger Bands indicator
According to the Bollinger Band indicator, the current price is between the middle and lower tracks of the Bollinger Band, close to the lower track. This pattern indicates that the current market is oversold. The Bollinger Band opening has widened, indicating that market volatility has increased, there is a possibility of a rebound in the short term, and the range fluctuations are large.
Big Pie 1-hour candlestick chart
Bitcoin 1-hour technical analysis
MACD indicator
According to the 1-hour level chart of the big cake, the DIF line is above the DEA line, but the histogram is still green and gradually shrinking. This indicates that there is a possibility of a rebound in the short term, but the strength of the rebound is limited.
KDJ indicator
Judging from the KDJ indicator, the K-line value and the D-line value are currently hovering at low levels, and the J line has begun to turn upward, suggesting the possibility of a rebound in the short term.
Bollinger Bands indicator
According to the Bollinger Band indicator, the current price is running near the lower track of the Bollinger Band, and the Bollinger Band is beginning to close. This indicates that market volatility is beginning to weaken, and there may be a volatile market or a small rebound afterwards.
Comprehensive analysis
4-hour level: Bitcoin is still in a downward trend, but the signals of KDJ and the lower track of the Bollinger Bands show that there may be a certain rebound in the short term. It is recommended to wait for more confirmation signals, such as the MACD histogram turning positive or the KDJ indicator rising further.
1-hour level: Bitcoin shows signs of a short-term rebound, but the overall trend is still weak. We need to pay attention to the subsequent changes of MACD and KDJ.
Trading Advice
Suggestion 1:
Long position: 64430
Target: 65300-65800
Defense: 64,000
Suggestion 2:
Short position: 66000
Target: 64400-64000
Defense: 66500