#BTC走势分析
Price trend analysis]
K line shape:
The daily chart shows that the recent price has continued to fall from a high of 62135.46 (July 2) to 55823.99 (July 8), forming an obvious downward trend.
In the hourly chart, the price has fluctuated around 56,000 in recent hours, but the overall price is still in a downward channel.
Technical indicators:
MACD: The MACD histogram on the hourly chart is negative and gradually expanding, indicating that the strength of the bears is increasing. The MACD on the daily chart also shows a dead cross state, further confirming the downward trend.
RSI: The hourly RSI is close to 30, entering the oversold range, and a short-term rebound is possible. However, the RSI on the daily chart is still around 40 and has not completely entered the oversold zone, indicating that there is still room for downside.
EMA: In the hourly chart, EMA(7) < EMA(30) < EMA(120), the moving average system shows a short position, confirming the current downward trend. The EMA (7) and EMA (30) on the daily chart have also crossed downwards against the EMA (120), further confirming the long-term downward trend.
Volume:
Trading volume on the daily chart increased significantly from July 4 to July 5, and then fell back, indicating that market sentiment was more cautious.
The trading volume on the hourly chart increased significantly when the price fluctuated violently, especially when the price hit a low of 55528, buying became active.
Comprehensive analysis:
BTC/USDT is currently in an obvious downward trend, and technical indicators and K-line patterns support this judgment. It is recommended to pay attention to the integer point of 55,000 as potential support, and also pay attention to the performance of the previous band low of 55,528. If the price continues to fall and effectively breaks through 55,000, the next target will be 50,000. If there is a rebound, you may consider looking for opportunities near 57,000!
Short-term advice: focus on high altitude
