#BTC #ETH
K-Line Pattern:
Recent prices have formed a double top pattern around 2700, followed by a significant pullback, indicating heavy selling pressure above.
Prices have tested support multiple times around 2650, forming a short-term bottom, showing that there is buying support in this area.
Technical Indicators:
MACD: DIF and DEA have crossed below the zero line, and the MACD histogram has turned from positive to negative, indicating a weakening of short-term momentum.
RSI: RSI has fallen from the overbought zone to the neutral zone, indicating that market sentiment has shifted from overheated to neutral.
EMA: Prices have fallen below EMA7 and EMA30 but remain above EMA120, indicating a weak short-term trend while the long-term trend is still bullish.
Trading Volume:
Prices have decreased significantly around 2700, indicating heavy selling pressure, as market participants choose to take profits in this area.
Trading volume has increased around 2650, indicating that funds are entering this area, forming short-term support.
Next, I will continue to position myself in the market!
Instead of blindly experimenting and missing the best entry and exit points, leading to holding losses, it's better to follow Old Xu's operations. If you agree with me, come directly.
