[BTC Price Trend Analysis]

K-line pattern:
The recent candlestick chart shows high-level fluctuations, with the price frequently oscillating around 84500.
The observation of multiple lower shadows indicates that buying pressure is strong and selling pressure is light.
Technical indicators:
The MACD is negative and shows signs of convergence, indicating that there may be short-term rebound pressure, but overall it is in a relatively weak state.
The RSI is gradually approaching the oversold zone, currently hovering in the neutral area, and attention needs to be paid to whether it will enter the oversold zone and trigger market changes.
EMA(7) indicates that the short-term moving average support is around 84480. EMA(30) and EMA(120) are still maintaining an upward trend, showing that the long-term trend has not changed.
Trading Volume:
The trading volume has significantly decreased in the recent several 4-hour cycles, and market hesitation is intensifying.
Significant trading has not occurred, and the level of capital participation has weakened.