October 21
BTC (currency)
1. Look at the Bollinger Bands and MACD
From the four-hour perspective, it is currently in a pullback after rising to the upper Bollinger Band. The pullback did not break below the middle band and then declined again. The Bollinger Bands are opening upwards, and the middle band moving upwards corresponds to a rising market. The three Bollinger Bands correspond to prices 11932 108523 105117.
From the four-hour chart, the bullish momentum is gradually weakening, indicating a continued upward test of the resistance level.
2. Look at the MA moving averages
The short-term moving average indicators on the 4-hour chart are trending upwards, indicating that the market is in a rising phase.
On the hourly chart, the short-term moving average has a dead cross and is trending downwards, with bearish momentum starting to strengthen. At this time, the market is operating below the 5-day and 10-day moving averages, corresponding to a market decline.
3. MACD indicator
The MACD indicator on the hourly chart is above the 0 axis with a double line trending upwards, but the bullish momentum is starting to weaken, corresponding to a market decline.
4. RSI indicator
The RSI indicator is in the oversold phase with corresponding values 69 80. Currently, the double lines have a dead cross trending downwards, continuing to decline, which corresponds to a market decline.
5. Conclusion: market decline
Resistance level: 125400 126168
Support level: 105527 103559
BTC (currency)
1. Look at the Bollinger Bands and MACD
From the four-hour perspective, it is currently in a pullback after rising to the upper Bollinger Band. The pullback did not break below the middle band and then declined again. The Bollinger Bands are opening upwards, and the middle band moving upwards corresponds to a rising market. The three Bollinger Bands correspond to prices 11932 108523 105117.
From the four-hour chart, the bullish momentum is gradually weakening, indicating a continued upward test of the resistance level.
2. Look at the MA moving averages
The short-term moving average indicators on the 4-hour chart are trending upwards, indicating that the market is in a rising phase.
On the hourly chart, the short-term moving average has a dead cross and is trending downwards, with bearish momentum starting to strengthen. At this time, the market is operating below the 5-day and 10-day moving averages, corresponding to a market decline.
3. MACD indicator
The MACD indicator on the hourly chart is above the 0 axis with a double line trending upwards, but the bullish momentum is starting to weaken, corresponding to a market decline.
4. RSI indicator
The RSI indicator is in the oversold phase with corresponding values 69 80. Currently, the double lines have a dead cross trending downwards, continuing to decline, which corresponds to a market decline.
5. Conclusion: market decline
Resistance level: 125400 126168
Support level: 105527 103559