On September 24th at noon
From the hourly level K chart, there has been a continuous decline with long lower shadows in the latest candlestick testing the integer level of 111000 before rebounding, indicating short-term selling pressure but with support at lower levels.
The daily level has formed three consecutive bearish candles, 📉 breaking the previous low of 112000 key support, and the 🈳 head trend continues.
Technical indicators:
MACD: At the hourly level, the DIF and DEA lines have formed a dead cross below the zero axis, while the daily level MACD red bars continue to expand, indicating enhanced 🈳 head momentum.
RSI: At the hourly level, 34.83 has not reached the oversold zone, while the daily level at 40.53 shows that there is still downward space.
EMA: The price has continuously 📉 broken the 7/30/120 three moving averages, with the hourly level EMA30 (112420) becoming a strong resistance level.
Trading volume:
The hourly level shows 📉 increased volume (1081→595), with a decrease in volume during the rebound, and the 🈳 head is dominant.
At the daily level, the trading volume of 3443 has significantly shrunk compared to the previous day’s 12301, 📉 momentum has weakened but no obvious reversal signals are present.
Operational suggestions:
Bitcoin can be traded around 111800—112200 🈳, with a target of around 111300—111000.
E-type can be traded around 4120—4140 🈳, with a target of around 4080—4000. $BTC