02/12$BTC Price trend analysis and buying and selling points (end of the article):
1. From the K-line pattern, the price of Bitcoin fluctuates at a high level, and there are many K-lines with long upper and lower shadows, indicating that there is great uncertainty in the current market.
- The daily chart further confirms this point. On February 11, a negative line with upper and lower shadows was formed, indicating that the long and short sides are fighting fiercely.
2. Technical indicators:
- MACD: MACD at the hourly level is below the zero axis, and both DIF and DEA diverge downward, indicating that it is still weak in the short term. The daily level also shows a dead cross state, and we need to be alert to the risk of further correction.
- RSI: The hourly RSI is close to the oversold area, but has not entered the extreme value area, and there may be a rebound demand. The daily RSI value is relatively neutral, and there is no obvious trend signal.
- EMA: The current price is below EMA7, and EMA7, EMA30, and EMA120 are all in a short position, indicating that there is great pressure in the short term (key point).
3. Trading volume:
- The hourly trading volume has increased, especially during periods of sharp price fluctuations, indicating an increase in capital activity.
- The daily trading volume has decreased slightly compared to the previous few days, indicating that the market's wait-and-see sentiment has intensified.
【Buy and sell points】
- Buy point 1: 95000 USDT (close to the previous low, the integer level may form support)
- Buy point 2: 94000 USDT (further explore to a stronger support area, while considering the interval of more than 1%)
- Long stop loss point: 93500 USDT (below buy point 2, to avoid excessive retracement risk)
- Sell point 1: 97000 USDT (close to the previous high, the integer level may form pressure)
- Sell point 2: 98000 USDT (upward space opens after the breakthrough, in line with the interval of more than 1%)
- Short stop loss point: 98500 USDT (above sell point 2, to prevent false breakthroughs)
