$BTC Tsukiyomi Multi-dimensional Composite Index Analysis
Tsukiyomi Multi-dimensional Composite Index Analysis
Moving Average (MA):
SMA and EMA: The current 10-day and 50-day SMA and EMA show that the price is in a downward channel, indicating a bearish short-term trend.
Relative Strength Index (RSI):
The RSI is currently around 45, which has not reached an oversold state, but shows that the market still has room to fall further.
Bollinger Bands:
The price is close to the middle and lower tracks of the Bollinger Bands, indicating that market volatility has increased and there is a possibility of continuing to explore the lower track.
MACD (Moving Average Convergence/Divergence):
The MACD line is below the signal line, showing a sell signal, and the momentum tends to be negative.
Volume Analysis:
The volume has increased recently, accompanied by a drop in prices, indicating that the market has a large selling pressure.
Fibonacci retracement line:
Based on the recent highs and lows, the current price is near the 61.8% retracement level, and it is possible to further drop to the 50% retracement level, which is about $54,000.
Comprehensive analysis and conclusion
Short-term support level: about $54,000, which is the 50% position of the Fibonacci retracement and an important psychological support level.
Short-term resistance level: about $60,000, which is the 61.8% position of the Fibonacci retracement, and the price may encounter resistance here.
