Good morning, I am Oupeng. Today is April 28th, 11:15 AM. The Bitcoin price is in a 【downward trend】 amidst significant fluctuations, with the recent peak formed on April 27, 2025, followed by a continuous decline.
The current K-line shows a slight rebound but has not yet broken through the previous high, still 【maintaining within the downward channel】.
The MACD continuous value is negative, indicating a typical bearish market signal. The current fast and slow lines are gradually approaching, which may indicate a bottom divergence, a potential signal for a bottom rebound.
The RSI is currently around 42, slightly recovering from the oversold area, suggesting that it may shift from an extreme selling pressure state to a slow recovery in the short term, adopting a wait-and-see posture.
The EMA is applied across various cycle moving averages, showing no strong directional changes. The price is currently oscillating between the short-term EMA7 and the long-term 120-period moving average, testing the 30-period EMA resistance.
Trading is in a state of increased volume. Such fluctuations in trading volume are often accompanied by a clear directional choice, and subsequent volatility may increase.
Recent data indicates signs of volume contraction. The recent panic selling has been controlled, which may also suggest that there is no significant selling momentum being released during the process of testing the bottom again; further signal confirmation is needed.
To summarize: This morning saw a wave of rapid declines, and we are currently experiencing a rebound within the downward trend. Everyone can choose to short at high points based on their trading methods and indicators, or go long on a breakout. Wishing you all a good harvest today. Goodbye