Bitcoin (BTC) market in-depth analysis
K-line shape: The recent K-line has shown large price fluctuations, especially after a high of 61839.7 appeared between 20:00 and 21:00 on August 14 and then fell rapidly, forming a long upper shadow line, suggesting increased selling pressure. The K-lines for four consecutive hours from 22:00 on August 13 to 02:00 on August 14 are all K-lines with small entities and long lower shadows, which may indicate that the buyer is trying to support the price.
Technical Indicators: The latest MACD value is negative and DIF is below DEA, indicating that the bearish trend may continue in the short term. However, the MACD histogram has reduced from the previous negative value, which means that the downward momentum is weakening; the KDJ indicator shows that the K value (24.49) is lower than the D value (22.48), and the J value (28.52) is slightly higher, indicating that the market may be oversold. , there may be a rebound in the short term; the current price of the moving average EMA indicator is lower than EMA (7) and EMA (30), which is usually regarded as a signal that the short-term and medium-term trend is bearish.
Trading volume: When the price drops sharply, such as from 20:00 to 21:00 on August 14, the trading volume is significantly enlarged, which may indicate a strong price drop. The trading volume has been relatively stable in recent cycles, and there is no There are obvious abnormal fluctuations, and it is necessary to further observe the relationship between trading volume and price changes to judge future trends.
