There are many things in the crypto world, ups and downs are handled by the trading master. The Bollinger Bands (BOLL) current price of 4,404.59 is below the middle band (4,424.65), and the upper band (4,488.42) is turning downwards, indicating significant short-term pressure from above, with a trend towards the middle band or even the lower band (4,360.89). The RSI indicators, RSI(6), RSI(12), and RSI(24) are all below 50 (specifically 46.55, 45.30, and 46.87), indicating that the current bullish strength is insufficient and is in a relatively weak zone. Price trends and trading volume: Recently, the price peaked at 4,491.84 before retreating, and within 24 hours, the price has decreased by 1.70%. Although there was a slight rebound, the momentum was limited, and there was no significant increase in trading volume to provide support, indicating insufficient bullish momentum. Summary: The short-term market is bearish, and there is a possibility of further declines. Attention should be paid to the support strength near the lower Bollinger Band at 4,360.89. However, the cryptocurrency market is highly volatile, so it is necessary to consider more market news and long-term trends for further judgment. Investments should be cautious, and risks should be noted. #九月份加密市场能否突破#
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.
[Evening Direction]
There are many things in the crypto world, ups and downs are handled by the trading master.
The Bollinger Bands (BOLL) current price of 4,404.59 is below the middle band (4,424.65), and the upper band (4,488.42) is turning downwards, indicating significant short-term pressure from above, with a trend towards the middle band or even the lower band (4,360.89).
The RSI indicators, RSI(6), RSI(12), and RSI(24) are all below 50 (specifically 46.55, 45.30, and 46.87), indicating that the current bullish strength is insufficient and is in a relatively weak zone.
Price trends and trading volume: Recently, the price peaked at 4,491.84 before retreating, and within 24 hours, the price has decreased by 1.70%. Although there was a slight rebound, the momentum was limited, and there was no significant increase in trading volume to provide support, indicating insufficient bullish momentum.
Summary: The short-term market is bearish, and there is a possibility of further declines. Attention should be paid to the support strength near the lower Bollinger Band at 4,360.89. However, the cryptocurrency market is highly volatile, so it is necessary to consider more market news and long-term trends for further judgment. Investments should be cautious, and risks should be noted. #九月份加密市场能否突破#