Yesterday, in order to prevent the black swan, we took a break for the National Day holiday, but we avoided the baptism of fire. When the US stock market fell, we had a bad feeling.
For the time being, it will not stop falling, and there is no obvious signal. The funds continue to flow out.
Considering the plunge and the accompanying high liquidation, BTC may experience more fluctuations in the short term, but the long-term rise expectation depends on whether there are positive changes in market fundamentals. Pay close attention to subsequent market dynamics!
K-line pattern:
Recent K-line shows large price fluctuations. A long lower shadow appeared at 04:00 on October 2, indicating that there was a certain amount of buying intervention, but the price failed to continue to rise in the following hours.
From the recent data, there is no obvious specific K-line combination, such as cross stars, hammers or shooting stars.
Technical indicators:
In the MACD indicator, DIF and DEA are both negative and DIF is below DEA. Although the MACD histogram has turned from negative to positive, the overall trend is still bearish, and it is necessary to observe whether there is further improvement.
In the KDJ indicator, the J value is higher than the K and D values, and the K line crosses the D line upward, suggesting that there may be a rebound opportunity, but it needs to be confirmed whether it will continue.
In the EMA indicator, EMA(7) is lower than EMA(30), indicating that the market trend is bearish in the short term, but EMA(7) has begun to rebound and approach EMA(30). If EMA(7) can break through EMA(30), it may indicate a trend reversal.
Trading volume:
-ETF outflow of 243 million in a single day is not a good sign. It is estimated that more than half of it went to the stock market! ! !
The entire network has 70% long orders and 30% short orders in the past 7 days. Short orders have the best profit ratio.
Let's take a rest today and see what the US stock market is like? I have only one order and I will wait until the big cake reaches 58,000 before I talk about it! ! !
