$BTC

【Price trend analysis】

1. K-line pattern:

- The recent price fluctuated around 64,000, forming multiple K-lines with long upper shadows, indicating that the upper pressure is relatively large.

- There was a rapid rise in the early stage, from 60,349.9 on August 23 to 65,000 on August 24, but then it pulled back to the current level.

2. Technical indicators:

- MACD: In the 4-hour cycle, the MACD fast and slow lines (DIF and DEA) are both in the positive area, but there is a top divergence phenomenon, indicating that the bulls are weakening and may face adjustments.

- RSI: RSI14 is close to 70 in the 4-hour cycle, entering the overbought range, and there may be a need for a pullback in the short term. But if it continues to remain high, it means that the strong market is still continuing.

- EMA: The current price is below EMA7 (63958) and is far away from EMA30 (62691) and EMA120 (61066), indicating that there is a certain risk of a correction in the short term. EMA7 and EMA30 are in a bullish arrangement, but EMA7 has begun to flatten, and it is necessary to pay attention to whether it will fall below the moving average.

3. Trading volume:

- The trading volume of the last few 4-hour K-lines has decreased, especially the latest K-line, which has a trading volume of only 6362, which is significantly smaller than the previous ones, indicating that the market's wait-and-see sentiment has increased.

- From the daily level, the trading volume on August 23 and 24 was significantly enlarged, and then gradually fell back, indicating that the market has entered a consolidation phase after the previous large fluctuations.

[Buy and sell points]

- Buy point 1: 62600 USDT (close to EMA30 support level, and an integer point)

- Buy point 2: 61000 USDT (close to EMA120 support level, and also near the previous low point)

- Long stop loss point: 60500 USDT (slightly lower than the previous low point and EMA120 support level, to prevent false breakthroughs)

- Sell point 1: 64500 USDT (near the recent high point, with strong pressure)

- Sell point 2: 65000 USDT (previous highest point, with obvious selling pressure)

- Short stop loss point: 65500 USDT (slightly higher than the previous highest point, to prevent false breakthroughs)