[BTC Price Trend Analysis]

K-line pattern:
In the 4-hour timeframe, the recent candlestick shows a long lower shadow, indicating some buying support.
There are signs of a high-level pullback on the daily chart, with clear selling pressure above, and the shrinking lower shadow indicates a lack of strength for a short-term rebound.
Technical Indicators:
The MACD has continuously remained in the negative range on the 4-hour timeframe, with increasing green bars, indicating that the downward momentum is intensifying; the daily MACD shows a bottom divergence opportunity, but the sustainability of the rebound needs to be observed.
The RSI has fallen to near the oversold area across multiple timeframes, especially at the daily level, which may create a technical rebound demand.
The EMA moving averages are generally diverging downwards across various periods, with EMA(7) significantly lower than EMA(30), indicating that the short term is still in a weak adjustment phase, paying attention to the nearby key support level.
Trading Volume:
Recently, the trading volume has significantly decreased, especially in the 4-hour period, leading to a reduction in market activity, which awaits external events to stimulate volume.
On the daily chart, the previous significant fluctuations followed by a rapid shrinkage in volume, combined with the price closing in the red, indicate a strong cautious sentiment among investors. #BTC