Price trend of BTC on April 8, 2025 (15-minute interval): Consolidation
【Price Trend Analysis】
Candlestick Pattern:
Recent prices have fluctuated around 80,000, forming a minor oscillation consolidation pattern.
In the daily cycle, longer lower and upper shadows have appeared, indicating intense market contention between bulls and bears.
Technical Indicators:
MACD: The 15-minute MACD is in the negative zone but shows signs of gradual narrowing, which may indicate a rebound in the short term. The hourly MACD remains negative, indicating an overall weak trend.
RSI: The 15-minute RSI is close to the overbought zone, presenting a risk of a pullback; the hourly RSI is slightly above 50, showing some upward momentum.
EMA: The 15-minute EMA7 has crossed above the EMA30, signaling a short-term bullish indication; however, the EMA120 is still below, and the long-term trend has not changed. The hourly EMA shows a state of adhesion, requiring attention to future directional choices.
Trading Volume:
The trading volume in the 15-minute cycle has decreased, reflecting a strong market wait-and-see sentiment.
The hourly trading volume has stabilized after significant fluctuations, indicating a decrease in market participation.
