【Price trend analysis】

K-line pattern:

The latest 4-hour K-line shows that the price has fallen back after a period of rise, but the closing prices of the recent K-lines are higher than the opening prices, indicating that bullish sentiment is dominant.

On the daily level, the big positive line on May 20 covered the negative line of the previous day, forming a bullish engulfing pattern, which is generally regarded as a positive signal.

Technical indicators:

In the MACD indicator, both DIF and DEA are in a downward trend, and the MACD histogram is negative, indicating that there may be pressure in the market in the short term. However, the latest MACD histogram has begun to shrink, suggesting a potential reversal possibility.

The KDJ indicator shows that the J line has an upward inflection point at a low level, while the K line and D line remain at a high level, which may indicate an upcoming price fluctuation or a rebound in the short term. Bitcoin

In the EMA indicator, the 7-period EMA is always above the 30-period EMA, which is a typical bullish market signal, indicating that the current trend is biased upward. #以太坊eth

Trading volume:

In the 4-hour K-line data, the trading volume increases when the price rises and decreases relatively when the price falls, which supports the effectiveness of the upward trend.

On the daily level, the sharp rise in prices on May 17 was accompanied by a significant increase in trading volume, which further confirms the control of buyers.

Summary: Up, up, up

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