Price Trend Analysis



1. Candlestick Patterns:

- Recent prices show a oscillating downward trend, with multiple consecutive bearish candles and weak rebound strength.
- A clear resistance level has formed near the previous high of 3296, and the current price is fluctuating within the 3080-3100 range.

2. Technical Indicators:

- MACD: DIF and DEA are both below the zero line, with DIF diverging downward, indicating strengthening bearish momentum.
- RSI: The 14-period RSI is at 39.94, approaching the oversold zone but not yet in an extreme oversold state, suggesting short-term downward pressure remains.
- EMA: The price is trading below EMA7, EMA30, and EMA120, indicating an overall bearish trend; EMA7 and EMA30 have experienced a death cross and continue to diverge, exerting short-term resistance.

3. Trading Volume:
Volume has increased, indicating rising selling pressure.
- After a volume-driven decline, trading volume gradually diminishes, reflecting market sentiment becoming more cautious. $BTC $ETH
BTC0.11%
ETH0.37%
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Nac54134vip
· 19h ago
Just go for it!
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DemonCultBrother-In-Lawvip
· 20h ago
New Year Wealth Explosion 🤑
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