BTC [Price Trend Analysis]

K-line pattern:

Recent K-line shows large price fluctuations, with several obvious rises and falls from April 9 to April 29. In particular, there was a rapid upward trend from April 12 to April 14, followed by a rapid decline from April 16 to April 19.

In recent days, the market has shown a volatile downward trend, especially from April 24 to April 29, which closed negative for several consecutive days, indicating that the buyer's power has weakened in the short term.

Technical indicators:

In the MACD indicator, both DIF and DEA are negative and the MACD histogram continues to be below the zero axis, indicating that the current market is under the control of short sellers. The latest data shows that the MACD value (-455.6) has increased slightly from the previous day, but is still below the signal line, suggesting that a potential rebound is unlikely.

The KDJ indicator shows that the J value (2.0) is extremely low, while the K value (32.5) and D value (47.7) are also below 50, which is usually regarded as an oversold state, which may indicate a certain rebound opportunity in the future, but further confirmation is needed.

In the EMA indicator, EMA7 (63612.4) has fallen below EMA30 (65194.6), which is a typical bear market signal, indicating that the price trend is biased downward in the short term.

Trading volume:

During the price decline, the trading volume did not increase significantly. For example, although the price continued to fall from April 24 to April 29, the trading volume was relatively stable and even decreased, which may mean that the downward momentum was not strong.

In addition, when the price rose, such as on April 22, the trading volume reached 246268, accompanied by a sharp rise in prices, showing that buyers actively participated in the market, but the trading volume gradually shrank thereafter, indicating that the upward momentum weakened. #BTC #大盘走势 #BTC🔥🔥🔥🔥🔥🔥