Crypto Master Community: Bitcoin October 2nd [Market Analysis]
[Price Trend Analysis]
- K-line Pattern:
The daily level shows a continuous price increase, forming multiple large bullish candles, with the K-lines on October 01 and October 02 displaying a clear strong breakout pattern.
In the 4-hour cycle, the recent price surged rapidly from 116789.58 to 118748.12, forming a strong upward trend, with higher highs being established.
Technical Indicators:
MACD: The 4-hour MACD continues to show expanding red bars, with both DIF and DEA diverging upwards, indicating a strong bullish market.
RSI: The 4-hour RSI remains above 80, entering the overbought zone, but there are no signs of a pullback, suggesting a continued upward trend.
EMA: The price has moved far away from EMA7, EMA30, and EMA120, showing extremely strong momentum in the short term; EMA7 provides support for the price.
Trading Volume:
The daily trading volume significantly increased on October 01 (20036), accompanied by a sharp price surge, indicating clear capital inflow.
The 4-hour trading volume gradually increased from 16:00 on October 01 to 08:00 on October 02, pushing the price further up.
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.]
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