Bollinger Bands (BOLL): Current price (94.016) is close to the middle band (Middle Band) at 94.580. The Bollinger range is narrowing → the market is likely preparing for a big move. The upper band (UP) is about 95.252, the lower band (DN) is 93.909 → The price is being pushed towards the lower edge, showing slight weakness.
MACD: MACD = -116.50, DIF = -32.01, DEA = 84.48 → the MACD line is below the signal line. Trend: Slightly bearish (selling pressure still exists). However, the MACD has widened quite a bit, a technical pullback is likely soon.
RSI: RSI(6) = 25.25 → strong oversold area. RSI(12) = 40.19, RSI(24) = 49.35 → leaning toward neutral-weak. The price is being sold off in the short term, easy to have a rebound.
The trading volume is not too large. There are signs of decrease. There are no abnormal volume candles, meaning there is no panic sell or strong sweep.
MA5 = 337.88674, MA10 = 364.43317 (the data is a bit strange, probably due to different volume/price units).
However, looking at the chart, the short-term MA is crossing down → negative short-term signal.
1 minute - 5 minutes: Strong volatility, price fluctuates quickly around the 94k area, unstable.
RSI continuously from oversold -> rebound -> sell again → the market is very 'nervous'.
15 minutes: The price is slightly moving sideways down, below the middle band. MACD is showing a decreasing divergence but RSI is starting to show signs of wanting to turn up. A technical rebound to 94.5k - 94.8k is possible.
1 hour (current frame): Weak, but there is a possibility of a rebound up to the middle band or retesting the 94.5k area. If it loses 93.9k, it could easily go straight to 93k.
4 hours: Bollinger Band just expanded → the market is in a phase of increasing volatility. MACD just crossed down, medium-term slightly negative. RSI still has room to decrease to the 40 area.
1 day: The price is still in a large uptrend, but is adjusting according to a narrowing triangle pattern (decreasing volume). If it holds above 93k, there is a possibility of further upward movement in the long term.
Frame Trend Comment
1p-5p Sideway - Decline Strong fluctuations, unstable.
15p Slight decline A slight recovery is likely.
1h Weak decline Need to monitor the 93.9k area.
4h Medium-term decline MACD crosses down, RSI is still decreasing.
1d Adjustment in uptrend . If holding BTC: No need to panic sell yet, unless losing 93k. Be cautious to wait for a rebound around 94,500 - 94,800 to reduce positions if needed. If wanting to buy new: Can wait for the 93,000 - 93,500 area to accumulate gradually, stoploss below 92,000.
If trading short-term: Watch for a breakout around 94.600 before following the trend, otherwise stand aside and wait for clear signals.
Monitor to enjoy together. If you want to know what token you are planning to buy or hold, comment below.
