[In-depth analysis of BTC market dynamics]
1. K-line pulsation:
- Recently, the price of BTC has been dancing in a narrow range of 57K to 60.5K, forming a typical range-oscillation picture.
- What is particularly noteworthy is that on September 13 and 14, the K-line left a striking long upper shadow for two consecutive days, which is undoubtedly a strong signal of the upper resistance zone, which makes the bulls feel afraid.
2. Technical indicator decoding:
- MACD battlefield: Although DIF and DEA are still in the negative territory, the MACD histogram has quietly turned from green to red, indicating that the short-selling force is gradually declining, and the bulls may be ready to counterattack.
- RSI barometer: The current pointer is firmly pointing to the neutral zone of 54.8, which is neither a signal of frenzied buying nor a sign of panic selling. Market sentiment tends to be calm.
- EMA trend line: Short-term EMA7 (58447.8) has successfully crossed the defense line of medium-term EMA30 (58722.7). Although it is still suppressed by long-term EMA120 (60847.6), this sign is undoubtedly the horn of a short-term rebound, but the call for a full reversal will take some time.
3. Fund flow pulse:
- On September 13, the market was boiling, and the trading volume suddenly soared to a high of 277429. Huge amounts of funds poured in like a tide, foreshadowing the violent fluctuations in market sentiment.
- On the 14th, the trading volume shrank sharply to 33491, like the calm after a storm. Investors chose to stop and wait, and the market fell into contemplation.
