【Price Trend Analysis】

1. K-line pattern:

- The price has been fluctuating at high levels recently, and a long upper shadow line appeared on October 11, indicating heavy selling pressure from above.

- The K-line on October 12 closed positive, but the overall fluctuation range decreased and market sentiment became cautious.

2. Technical indicators:

- MACD: The fast and slow lines are gradually getting closer, and the red column is shortened, indicating that the upward momentum is weakening and it may enter a period of adjustment.

- RSI: Currently above 60, close to the overbought range, you need to be alert to the risk of a correction.

- EMA: The 7-hour moving average crosses the 30 and 120-hour moving average. The short-term trend is still bullish, but attention should be paid to the support of EMA7.

3. Trading volume:

- On October 11, trading volume increased significantly, and prices fell back after a surge, indicating that financial differences intensified.

- Trading volume decreased on October 12, and market wait-and-see sentiment increased. #BTC☀