BTC one-hour price trend analysis
K line shape:
On the daily chart, a negative line with a long lower shadow appeared on September 16, indicating that there is strong buying support at the low level. The positive line closed on September 17, showing the strength of the rebound.
On the hourly chart, the price gradually rebounded from 22:00 on September 16, forming a series of higher highs and higher lows.
Technical indicators:
MACD: On the hourly chart, the MACD histogram turns from negative to positive, and the DIF line crosses the DEA line upward, indicating that bulls have increased strength in the short term.
RSI: The RSI value on the hourly chart is 57.3, which is in the neutral to bullish zone, but has not entered the overbought range, indicating that there is still room for upside.
EMA: The current price is above EMA7 (58540.4), close to EMA30 (58451.4), and far away from EMA120 (58613.6), indicating that the short-term trend is improving, and the medium and long-term moving average needs to be confirmed.
Volume:
Trading volume increased significantly on September 16, reaching 30,413, indicating increased market activity.
Trading volume decreased on September 17, but still remained at a high level, indicating that market sentiment is relatively stable.
