【Price Trend Analysis】



1. Candlestick Patterns:

* The 4-hour chart shows that after recent prices faced resistance in the 2160-2170 range, a large bearish candle appeared on April 2nd, followed by a continuous decline. The current candlestick body is small, indicating fierce battle between bulls and bears around 2050, but the overall center of gravity has shifted downward, failing to produce a significant rebound.
* On the daily chart, a massive long bearish candle formed on April 2nd, confirming a short-term top and signaling the start of a downtrend. On April 3rd, the candle continued to close lower, indicating that the bears are in control, and the market is clearly in a downward channel.

2. Technical Indicators:

* MACD: On the 4-hour chart, both DIF and DEA are below zero, with DIF crossing below DEA to form a death cross. The MACD histogram is negative and continues to expand, indicating increasing bearish momentum and a clear downward trend.
* RSI: The 4-hour RSI14 is at 46.16, in the neutral zone but showing a downward trend. It has not entered the oversold area, suggesting there is still room for further decline.
* EMA: On the 4-hour chart, the price has broken below EMA7, EMA30, and EMA120, with EMA7
BTC0,23%
ETH-0,4%
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