K-line pattern:
1-hour period: Recently, a series of bearish candles have adjusted, with a low of 4433 before stabilizing and rebounding, but the rebound strength is limited and has not effectively broken through the key technical resistance at 4475. The range of 4450-4475 constitutes a short-term oscillation pattern.
Daily period: On September 19, a large bearish candle was formed (closing at 4466.9, lowest at 4433), breaking below the previous day's low of 4521.58, forming a downward trend. Currently, the price is running below EMA30 (4499.58), indicating a bearish pattern.
Technical indicators:

MACD: 1-hour period DIF (-23.10) and DEA (-25.00) have converged after a death cross below the zero axis, with the MACD histogram turning positive but lacking momentum. Daily MACD (-18.88) continues to shrink, bearish strength weakens but has not reversed.
RSI: The 1-hour RSI (37.28) is in the weak zone and has not reached the oversold area; the daily RSI (51.42) is neutral to weak and has not shown any divergence signals.
EMA: The 1-hour EMA7 (4465.41) has crossed below EMA30 (4499.58), forming a death cross. The 120-day moving average (4529.35) is forming significant resistance. The price at the daily level is below all EMAs, indicating a significant bearish trend.
Trading Volume:

1-Hour Level: When rebounding to 4474, the trading volume was only 19919, far below the selling period (for example, 260,000 trading volume on September 19 at 23:00), indicating insufficient buying power.
Daily Level: A significant downward movement on September 19 (1.6 million trading volume), and a reduction in volume on September 20 (57,000 trading volume), with bears dominating but pressure temporarily easing.
[Operation Strategy]

Buy Point One: 4450 USDT (integer support level, close to the previous low of 4433, RSI is near the oversold area, there is a possibility of a technical rebound)

Buy Point Two: 4430 USDT (If it breaks below 4450 and continues to test the bottom, but does not effectively break below the previous low of 4433, it is in the region below EMA120 (4537) where bearish strength weakens)

Bullish Stop Loss Point: 4420 USDT (If it loses support at 4430, it may trigger a new round of decline, set the stop loss below Buy Point Two)

Sell Point One: 4475 USDT (short-term resistance level, close to the recent rebound high of 4474, EMA7 is forming resistance)

Sell Point Two: 4500 USDT (important resistance area, near EMA30 (4499.58), a rebound to this level may face resistance and retreat)

Bearish Stop Loss Point: 4515 USDT (If it breaks above 4500 and stabilizes, the downtrend may reverse, a stop loss must be executed) (Note: The distance between Buy Point One and Buy Point Two is about 0.45%, and the distance between Sell Point One and Sell Point Two is about 0.56%, keeping within a reasonable range of 1%. At the same time, the distance of the stop loss point from the corresponding buy and sell points meets risk control requirements.)#BTC #BTC走势分析 #ETH #山寨季将至？ #美联储重启降息步伐