Cryptocurrency market fluctuations are rapid and unpredictable. Those who cannot interpret the trends end up playing the role of being harvested last. Today, opening the market analysis app, a 4-hour chart catches the eye — the price trend of a certain mainstream altcoin looks like a roller coaster, with fierce battles between reds and greens, as funds play a heartbeat game here. Let's take a deep dive into what might be hidden behind this candlestick.



**Technical Analysis: Overbought Risks Have Reached the Limit, a Correction is Due**

The RSI soared to 71.96, approaching the red line of the overbought zone. What does this signal indicate? It's like chasing a goddess every day — flowers are delivered until you’re tired, and she wants to leave you waiting. The market is piling up with high-positioned chips; those who have already made profits are eager to secure their gains. The J value in the KDJ indicator skyrocketed to 112.58, with K and D rising along with it. All three indicators are in overbought territory, suggesting that the short-term upward momentum has almost been exhausted, and a correction risk is imminent.

But that’s not the whole story. For MACD, the DIF and DEA lines are still tangled near the zero line. Although the red bars haven't exploded with volume, this indicates that the bulls haven’t completely surrendered. Think of last week’s LDO rebound — after repeatedly oscillating around the zero line, MACD still managed a 20% increase. As long as the key support levels are maintained in the medium term, the rebound story can continue.

**News Sentiment: Market Mood is Riding an Elevator**

BTC is fluctuating around 92,000, “pinning” up and down, with the entire crypto market sentiment bouncing like an elevator. Altcoins amplify this wave of emotion — no one can escape the butterfly effect of the market. In the short term, each shake of Bitcoin’s price can directly impact these tokens’ performance. Only when the overall market stabilizes will a genuine rebound opportunity emerge.
LDO-1.86%
BTC-0.1%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)