#BTC

[BTC Price Trend Analysis]

K line shape:

The K-line has shown an obvious downward trend recently, especially between 00:00 and 09:00 on January 13, when the price dropped sharply from 95274.7 to 92767.1.

During the period from January 12 to January 13, there were many combinations of long upper shadow lines and negative lines, showing that the market was under heavy selling pressure.

Technical indicators:

MACD: At the hourly level, MACD continues to be negative and the gap widens, indicating strong bearish power. The daily level also shows the dominance of bears.

RSI: The current RSI is at 32.2, which is close to the oversold zone, but has not yet entered an extreme oversold state. There may be demand for a rebound in the short term.

EMA: The price has fallen below the EMA7, EMA30 and EMA120 moving averages, showing an overall weak pattern and it is difficult to form effective support in the short term.

Volume:

The trading volume increased significantly from 06:00 to 08:00 on January 13, accompanied by a decline in prices, indicating increased selling pressure in the market.

Overall, when trading volume is high, it is often accompanied by price declines, showing signs of capital outflows.

【Buy and sell point】

Buying point one: 92000 USDT (integer support, close to the previous low of 92720.6)

Buying point 2: 91,000 USDT (further down to stronger integer support)

Long stop loss point: 90500 USDT (safety margin after falling below buy point 2)

Selling point one: 94000 USDT (rebounding to near EMA7 may encounter resistance)

Selling point 2: 95000 USDT (close to the previous high and the integer mark pressure level)

Short stop loss point: 95500 USDT (safety margin after breaking through the selling point two)

Remember that preserving your principal is the most important thing. I hope everyone is well.