Crypto Master Community: Bitcoin October 26th [Market Analysis]
[Price Trend Analysis]
- K-Line Pattern:
Recently, the K-line has shown a fluctuating upward trend, with the price gradually rising from the low of 107567.45 on October 23 to the current 111477.05.
On October 24, a long lower shadow appeared, indicating strong support from bulls at lower levels; subsequently, two consecutive days of positive closes show that market sentiment is leaning towards bullish.
- Technical Indicators:
MACD: In the 4-hour cycle, both DIF and DEA are above the zero axis, and the MACD histogram is red, but momentum has weakened, requiring attention to subsequent changes.
RSI: RSI14 is around 58.60, not entering the overbought zone, still having some upward momentum.
EMA: The short-term EMA7 (111377.97) and EMA30 (110385.73) have formed a golden cross, with the price running above all moving averages, indicating a bullish trend.
- Trading Volume:
Daily trading volume has significantly decreased since October 25, dropping from 6408 to 937, indicating an increase in market wait-and-see sentiment.
Trading volume in the 4-hour cycle fluctuates greatly, with increased volume during the morning session but overall remaining relatively stable.
Wishing you successful trading!
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow the real-time strategies of Crypto Master.]
Join the group chat to discuss and learn professional knowledge in the crypto space, so you won't be a victim under the scythe (you can receive a position allocation guide that teaches you how to make money in a bull market and earn coins in a bear market).
——Crypto Master Community, a community focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn operations with me! Let's exchange ideas and profit together! Remember Crypto Master, available 24/7, follow Crypto Master to stay on track!
Scan the QR code with WeChat to follow my public account
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
