【Price Trend Analysis】



1. K-line pattern:

* The 4-hour chart shows that the latest K-line (07/13 08:00) is a doji or a small real body K-line with a long upper wick. The high reached 1848, and the close was 1809.35, accompanied by a huge volume. This indicates strong sell pressure around 1848, with bullish attempts being stalled.
* On the daily chart, after the price rose on 07/10 and 07/12, today (07/13) set a new recent high of 1848, but then fell back, showing that upward momentum has weakened.

2. Technical indicators:

* On the 4-hour chart, MACD shows that the DIF line (13.09) has crossed below the DEA line (13.27). The MACD histogram has turned from positive to negative (-0.35), forming a death cross. This suggests short-term bullish momentum has exhausted and the trend may shift toward a pullback.
* On the 4-hour chart, RSI is currently 56.28, staying in a neutral region, but it has fallen from the recent high of 60.63, indicating weakening market buy pressure.
* On the 4-hour chart, the EMA moving averages: the price is currently near EMA7 (1809.00), and EMA7 shows signs of flattening or turning downward. EMA30 (1788.12) and EMA120 (1736.89) still maintain an upward trend, providing support below.

3. Trading volume:

* On the 4-hour chart, the latest K-line (07/13 08:00) has trading volume as high as 1248817, the highest volume in the recent period. However, the price failed to effectively break through and hold above 1848, forming a volume-expansion stall, suggesting a possible pullback in the short term.
* On the daily chart, trading volume remained active during the recent upswing, but today (07/13), after making a new high, it saw a pullback. Combined with the volume-expansion stall on the 4-hour chart, short-term top risk should be watched closely.$BTC $ETH
BTC-1.72%
ETH-1.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned