BTC Today Analysis
K-line pattern: The 4-hour chart shows that BTC price rebounded and then a negative line appeared, suggesting that the upward momentum is weakening and may face a correction. On the daily chart, the rise on May 9 was followed by a two-day correction, and the trend continuity needs to be confirmed. The pattern conforms to the falling wedge pattern, indicating that the seller's control is weakening, and the market may be accumulating strength for a price rebound or trend reversal.
Technical indicators: The negative value of MACD suggests a bear market, but the increase in the bar chart indicates upward momentum. The KDJ indicator is overbought, indicating the risk of a correction. EMA7 is close to EMA30, and the formation of a golden cross may be a bull market signal.
Trading volume: The trading volume on the 4-hour chart increased when the price rose, especially from May 9 to 10, indicating that the rise was supported by volume. The trading volume on the daily chart decreased, which may indicate a weakening of momentum.
Conclusion:
- The BTC market rebounded in the short term, and the momentum weakened, but more signals are needed to confirm the trend, and the current point is not suitable for operation.