BTC [Price Trend Analysis]
K-line pattern:
The recent K-line shows that the price fluctuates greatly, with several obvious rises and falls between April 10 and April 30. In particular, between April 12 and April 13, the price dropped from 70006.22 USDT to 63924.51 USDT, and then rebounded.
Technical indicators:
MACD: The latest MACD value is -267.65, indicating that there may be some downward pressure in the market in the short term. Both DIF and DEA are in the negative area, and DIF is below DEA, which is usually regarded as a potential sell signal.
KDJ: K value 37.10, D value 46.26, J value 18.79. The K value is lower than the D value, and the J value deviates far from the two, suggesting that the market may be oversold, but the overall trend still needs to be observed to confirm whether there will be a reversal.
EMA: The current price of EMA7 is 63817.24, which is lower than EMA30's 65164.58, indicating that the market trend in the short term is weaker than the long-term trend and may continue to be under pressure in the short term.
Trading volume:
The trading volume reached 69774 on April 19, accompanied by a sharp drop in prices, showing the market's panic selling sentiment. Since then, the trading volume has gradually decreased, indicating that the market has gradually stabilized after the shock.
The relatively low trading volume in recent days indicates that the market participation is not high, and more catalysts may be needed to trigger further price movements.
