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$BTC $ETH Price Trend Analysis
1. Candlestick Patterns:
- In the last 4-hour period, the price has been continuously falling from a high level, forming consecutive bearish candles, indicating a short-term weak downward trend.
- On the daily chart, after a recent sharp decline, there has been slight consolidation, and the current candlestick is a small bearish candle.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, and the MACD histogram's negative value is expanding, indicating strong bearish momentum.
- RSI: The 4-hour RSI is around 23, close to the oversold area, but no obvious rebound signs are observed.
- EMA: The price has broken below EMA7, EMA30, and EMA120, with short-, medium-, and long-term moving averages all in a bearish alignment, showing clear resistance.
3. Trading Volume:
- The 4-hour trading volume initially increased and then gradually decreased, indicating a cooling of market sentiment.
- The previous day's daily trading volume was significantly enlarged, accompanied by a sharp decline. Currently, the trading volume has contracted, with a strong wait-and-see attitude.