2024.9.25 Evening Market Analysis

The market trend has been repeatedly pulling and oscillating in the past two days. BTC stepped back after hitting the resistance level yesterday, but the strength was relatively weak. After opening in the early morning, the price rebounded and hit the previous high again. The current price fluctuates around 63800, and the market has entered a high-range consolidation state due to pressure. From the daily line, the overall trend is still oscillating upward.

In the short-term hourly chart, the Bollinger Bands are open, and the trend is running in the middle and upper rail area. Although the MACD fast and slow lines are both above the zero axis, DIF and DEA are gradually approaching, and the MACD value is negative red column shortening. At the same time, the current price is lower than EMA7, and the J value in the KDJ indicator has appeared in the overbought area recently. It is expected that there will be room for stepping back in the short term. Therefore, it is not recommended to blindly chase the rise at the current price. In the future, we should pay close attention to the middle rail support point of 62300 and the pressure level of 65000. In terms of operation ideas, we should focus on callbacks! #BTC