Is it suitable to buy the dip in BTC? Just take a look at this chart to find out.
Price Trend Analysis
Candlestick Pattern:
Recently, the price has been fluctuating around 79,000, forming multiple candlesticks with long upper and lower shadows, indicating fierce competition between bulls and bears in the market.
On April 8th at 09:00, a large bullish candlestick appeared, but the price was unable to sustain the upward movement, creating a false breakout, suggesting heavy selling pressure above.
Technical Indicators:
MACD: The DIF and DEA lines are below the zero axis, and the MACD histogram is gradually shrinking, indicating that the downward momentum is weakening, but a clear upward signal has not yet formed.
RSI: The RSI is hovering around 50, not entering the overbought or oversold zone, with the market in a neutral state, lacking a clear direction.
EMA: The price is operating below EMA7, EMA30, and EMA120, with short-term moving averages showing a bearish alignment, indicating a bearish short-term trend.
Trading Volume:
On April 8th at 09:00, the trading volume significantly increased, but the price failed to sustain an upward movement, indicating insufficient bullish strength.
Recently, the overall trading volume has shown a shrinking trend, with reduced market participation and a lack of momentum to drive significant price fluctuations. #美国加征关税 #BTC走势分析
