There are many happenings in the crypto world, ups and downs as the trader says. 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 down, indicating significant short-term upward pressure, with a trend towards the middle band or even the lower band (4,360.89). The RSI indicator, RSI(6), RSI(12), and RSI(24) are all below 50 (at 46.55, 45.30, and 46.87 respectively), indicating that the current bullish strength is insufficient and is in a relatively weak range. Price trends and trading volume: Recently, the price surged to 4,491.84 before retreating, with a 1.70% decline in price over the past 24 hours. Although there has been a slight rebound, the strength is limited, and there has been 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, and it is necessary to consider more market news and long-term trends for further assessment. Investment should be cautious, and risks should be noted. #九月份加密市场能否突破##今日你看涨还是看跌？##Gate 新上线 WLFI#
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[Evening Direction]
There are many happenings in the crypto world, ups and downs as the trader says.
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 down, indicating significant short-term upward pressure, with a trend towards the middle band or even the lower band (4,360.89).
The RSI indicator, RSI(6), RSI(12), and RSI(24) are all below 50 (at 46.55, 45.30, and 46.87 respectively), indicating that the current bullish strength is insufficient and is in a relatively weak range.
Price trends and trading volume: Recently, the price surged to 4,491.84 before retreating, with a 1.70% decline in price over the past 24 hours. Although there has been a slight rebound, the strength is limited, and there has been 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, and it is necessary to consider more market news and long-term trends for further assessment. Investment should be cautious, and risks should be noted. #九月份加密市场能否突破# #今日你看涨还是看跌？# #Gate 新上线 WLFI#