On September 29
The 1-hour level K-line shows a recent rapid rise (06:00-08:00) followed by a high-level fluctuation, forming the range of 112310-111575. At 14:00 on September 29, a doji with upper and lower shadows appeared, indicating divergence.
Daily level: After a long bullish candle was formed on September 28 (increase of 2528 points), a bearish candle appeared on September 29, without breaking the previous day's bullish candle by 50% (111750), forming a continuation pattern.
Technical indicators:
MACD: The 1-hour level DIF(598) remains above DEA(551), but the MACD histogram has been contracting for 4 consecutive hours; at the daily level, DIF(-706) and DEA(-287) are in a death cross state, but the green bars are shortening.
RSI: The 1-hour level RSI(70.66) has retreated from the overbought zone, while the daily level RSI(45.99) remains in the neutral range.
EMA: The price at the 1-hour level is stable above EMA30(110760), and EMA7(111707) is about to cross above EMA30; at the daily level, the price is supported by EMA120(110762).
Trading volume:
1-hour level: During the explosive period (06:00), the trading volume reached 1130, and during the recent pullback, the volume shrank to 81-349, indicating a healthy pullback characteristic.
Daily level: On September 28, the volume increased to 7542 (up by 37% compared to the previous day), and on September 29, the volume decreased to 3006, with a favorable volume-price relationship.
Trading suggestions:
The large pie can be traded around 111700—111200, with a target of around 112200—112700.
E-Tai can be traded around 4100—4080, with a target of around 4140—4200 near $BTC