April 15 Market Analysis: 📊📊
1. K-Line Pattern:
Recent prices have formed a high-level consolidation pattern, showing signs of weakness in upward momentum.
The bullish candles on April 14 and 15 indicate that market buying activity is relatively strong, but overall it is in a slight adjustment trend.
2. Technical Indicators:
MACD: The current MACD on the daily timeframe shows a red bar with increasing volume, indicating that there is still upward momentum in the short term. However, there are technical divergences on the weekly/monthly levels, so caution is needed for possible pullback risks at any time.
RSI: The current RSI is approaching the overbought zone (around 62), suggesting that market enthusiasm is relatively strong; attention is needed to see if this will lead to subsequent pullbacks after a rise.
EMA: Prices are running above the EMA7, indicating an optimistic short-term trend. EMA30 and EMA120 have not provided clear support or resistance yet, so changes need to be closely monitored.
3. Trading Volume:
Daily trading volume has significantly increased (exceeding 28,000 contracts for two consecutive days), indicating enhanced market activity.
The hourly trading volume is gradually decreasing, suggesting that a large amount of momentum has been consumed in the short term, and caution is needed for potential market reversals after failed volume expansion.
Today's Highlights:
BTC 1-hour and 4-hour levels have returned to healthy levels, while the daily level is below healthy levels. The expectation for the day is sideways consolidation,
Support for the day is 82,500-83,500 📈
Resistance above is 86,500-87,800 📉
ETH 1-hour and 4-hour levels have returned to healthy levels, while the daily level is below healthy levels. The expectation for the day is sideways consolidation,
Support for the day is 1,525-1,575 📈
Resistance above is 1,725-1,755 📉
