【4-Hour Trend Analysis at 4 AM】
K-line Pattern:
A double top pattern appears at the 4-hour level, with significant resistance around 2582.
At the daily level, three consecutive bearish candles with long upper shadows indicate heavy selling pressure in the 2680 area.
At the 1-hour level, the V-shaped reversal failed, with the 2453 low being tested but not broken.
Technical Indicators:
MACD: The 4-hour DIF and DEA are in a death cross below the zero line, and the daily red bars continue to contract.
RSI: The 4-hour RSI14 oscillates in the weak range of 40-50, while the daily RSI has fallen from the overbought zone to neutral.
EMA: The price has fallen below all EMA moving averages (7/30/120), indicating a bearish arrangement.
Volume:
The volume surged on the day of the crash (June 17, 04:00, 189,000 contracts).
Volume shrank during the rebound (only 163,000 contracts in the last 4 hours).
The key position at the 2500 integer mark has intensified the battle between bulls and bears.
Current holdings: $BTC 42396119256
Trading strategy will be in the next post.
