Price Trend Analysis



1. K-line pattern:

- In recent days, the K-line has shown a fluctuating upward trend, with the highs on June 9 and June 10 failing to break through the previous high range near 110530 from June 3 to June 5, indicating short-term pressure.

- From June 8 to June 10, a longer upper shadow appeared, indicating strong selling pressure above, while the price repeatedly tested between 109000 and 110500.

2. Technical Indicators:

- MACD: The MACD histogram gradually shrinks, and after the DIF line forms a death cross with the DEA line, it continues to move downward, indicating weakening momentum. Attention should be paid to whether it further shifts to a bearish trend.

- RSI: The RSI has retreated from the overbought area and is currently around 60, indicating a decline in bullish strength, but it has not yet entered a clearly oversold area.

- EMA: EMA7 (107078) is still above EMA30 (104692), indicating an overall medium-term bullish trend; however, the current price has fallen below EMA7, which may face adjustment pressure in the short term.

3. Trading Volume:

- On June 9, the trading volume significantly increased (19975), accompanied by a price surge to a peak before retreating, indicating an intensification of market divergence and fierce long-short battles.

- The trading volume plummeted on June 10 (2507), indicating a strong wait-and-see sentiment in the market and a decrease in capital inflows. #现货比特币ETF持仓破110万枚#
BTC0.86%
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