Coin Circle Academician: 9.14 "From Yinxian to Yangxian! What does BCH's rebound road reveal?" Latest market analysis
First look at the market trend. At present, the K-line pattern shows a fluctuating upward trend. The Yangxian on the 11th and 10th is more obvious. After the big Yinxian appeared on the 6th, the market gradually recovered, but the overall volatility was large. Technical indicators MACD: DIF and DEA are in the negative area, and the MACD bar chart turns from green to red, indicating that there are signs of rebound in the short term. RSI: RSI14 is currently at 53.4, which is in the neutral to strong range, showing a certain upward momentum. EMA: The price has broken through EMA7 and EMA30, but is still below EMA120. It is bullish in the short term, and further trends need to be observed in the medium and long term.
Four-hour K-line pattern: The recent price fluctuates in the range of 330 to 340, showing an overall oscillating upward trend. Technical indicators: MACD: DIF and DEA are close to the zero axis, but DIF is slightly lower than DEA. The MACD bar chart shows that the short-selling force is weakened, and there is a possibility of forming a golden cross. RSI: The RSI14 value is 62.7, which is in the middle and high level. It has not entered the overbought zone, but there is a risk of callback. EMA: The current price is above EMA7, and EMA7>EMA30>EMA120. The short-term moving average system is in a bullish arrangement, supporting the upward trend.
Point reference: (up)
Long 330 defense point: 320 stop loss point: 315
Short 350 defense point: 360 stop loss point: 365
On the whole, the Bitcoin Cash (BCH) market has shown a volatile upward trend recently, and technical indicators all point to short-term bullishness. Investors should be cautious in their operations, pay close attention to market dynamics, and set stop losses reasonably to control risks. It is recommended to make flexible adjustments based on real-time market data when going long and short to grasp the best trading opportunities.
