The one-hour K-line chart for #BTC is really boring to watch
Opening price: 106083.43 USD, closing price: 105981.45 USD, peaked at 106135.17 USD and then dropped, lowest at 105903 USD, the price hardly moved. Trading volume is only 467, estimated trading volume is 976, obviously reduced, indicating that both buyers and sellers are observing.
MA7 line: 105829.7 USD, MA30 line: 107014.46 USD, the price is just hovering around the moving averages, direction is unclear. EMA7 line: 105982.81 USD, EMA30 line: 106741.23 USD, short-term moving averages are below, long-term moving averages are above, short-term trend is weak.
MACD is directly at 95.21, both DIF and DEA are below water, bears are dominating. The KDJ indicator is even worse, K-line at 69.73, D-line at 57.66, J-line at 93.87, all in the overbought zone. Logically, it should drop, but without volume support, it's just a monkey show.
If you ask me, this coin is currently in a sideways market, with resistance above and support below; without volume support, it's like still water. Those with heavy positions should hurry to withdraw, and those wanting to buy the dip should wait for a volume breakout before acting; don't go against the trend, preserving your principal is the most important.
I usually share some cutting-edge information and practical strategies, feel free to come and discuss ideas, let's seize this big opportunity together!
