Crypto Master Community: Bitcoin October 1st [Market Analysis]

[Price Trend Analysis]

1. K-Line Pattern:

   • The daily level shows that the recent price quickly rebounded from the low of 109189.99 on September 28 to 114433.49, forming a strong upward trend.

   • In the 4-hour cycle, the recent K-lines show high-level fluctuations with upper shadows, indicating some selling pressure above.

2. Technical Indicators:

   • MACD: In the 4-hour cycle, both DIF and DEA are operating above the zero axis, but the histogram is gradually shortening, indicating weakening momentum and a risk of pullback.

   • RSI: The current value is 66.54, close to the overbought range, but not fully entering the extreme area, still having some upward momentum.

   • EMA: The price continues to stay above EMA7, EMA30, and EMA120, with short-term, medium-term, and long-term moving averages in a bullish arrangement, providing strong support. EMA7 (113954.85) is the key short-term support.

3. Trading Volume:

   • The daily trading volume has significantly increased since September 29, indicating enhanced capital activity, driving the rapid price rise.

   • In the 4-hour cycle, trading volume has shrunk, indicating that market sentiment is becoming cautious, and high levels may face adjustment pressure.

     • 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 refer to Crypto Master’s real-time strategies.]

       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. Anyone with questions about operations or trends can communicate and learn with me! Let's exchange ideas and profit together! Remember Crypto Master is here 24/7, follow Crypto Master and you won't get lost!

       • 

         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。