Every fall is a step towards success, only by constantly trying, can we embrace the most brilliant tomorrow, fans, Dragon Boat Festival is healthy! Jingyi doesn't close during the holidays!
The daily chart of Bitcoin shows two consecutive days of large bearish candles, with the price dropping from 107781 to 103972, forming a clear downtrend. Last night, the spot at 104700 was exited at breakeven, and the hourly chart has been quite volatile recently, with multiple long upper and lower shadow candles, indicating unstable market sentiment and fierce competition.
From a technical structure perspective, the hourly MACD histogram continues to be in the negative zone, with both DIF and DEA diverging downward, indicating that it is still in a weak state in the short term. The hourly RSI value is 34.74, close to the oversold area, but has not yet entered extreme oversold territory, suggesting there may be a rebound demand; the daily RSI is gradually declining, maintaining weakness, while the hourly EMA7, EMA30, and EMA120 show a bearish arrangement, with the price currently near EMA7. If it cannot break through, it will continue to look down; the daily EMA also shows a downward arrangement, further confirming the medium-term downward trend. The operation silk shows a downward operation.
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Saturday Morning Jingyi's Analysis of Silk露
Every fall is a step towards success, only by constantly trying, can we embrace the most brilliant tomorrow, fans, Dragon Boat Festival is healthy! Jingyi doesn't close during the holidays!
The daily chart of Bitcoin shows two consecutive days of large bearish candles, with the price dropping from 107781 to 103972, forming a clear downtrend. Last night, the spot at 104700 was exited at breakeven, and the hourly chart has been quite volatile recently, with multiple long upper and lower shadow candles, indicating unstable market sentiment and fierce competition.
From a technical structure perspective, the hourly MACD histogram continues to be in the negative zone, with both DIF and DEA diverging downward, indicating that it is still in a weak state in the short term. The hourly RSI value is 34.74, close to the oversold area, but has not yet entered extreme oversold territory, suggesting there may be a rebound demand; the daily RSI is gradually declining, maintaining weakness, while the hourly EMA7, EMA30, and EMA120 show a bearish arrangement, with the price currently near EMA7. If it cannot break through, it will continue to look down; the daily EMA also shows a downward arrangement, further confirming the medium-term downward trend. The operation silk shows a downward operation.
Operation Suggestions
BTC range 1045-1050, target around 1038-1020
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