2024.9.3 Market Analysis

The market of the big cake is really annoying. The bulls have been slow to break through. At 8 o'clock in the morning, there was an inverted hammer reversal K line in 4 hours, which directly hit the original shape. As of now, the big cake is around 58,800. It can be seen that the bulls have been exerting their strength after the daily K line stood at 57,000, and the highest impact reached 59,800. Although it did not break through the strong pressure level of 60,000, it made an effort to test the impact. The EMA trend indicator has opened up the long and short positions. The volatility will be large in the short term. The MACD shrinkage has begun to decrease, and the bullish momentum has increased slightly. DIF and DEA have shrunk, and the Bollinger band box has continued. The middle rail resistance is at the 60,000 mark, and the lower rail support is 56,000. KDJ began to shrink, indicating that the 57,000 support point is effective in the short term. If the overall trend cannot go up, it will continue to consolidate, with high-altitude as the main and low-long as the auxiliary. Be sure to bring a stop loss to prevent the market from changing and miss the opportunity to remedy the situation! #BTC