Analysis of Shen Gong Bao Price Trend]

Candlestick Pattern:

The most recent hourly candlestick shows price fluctuations around 94,000, forming slight oscillations.

A large bearish candlestick has appeared on the daily chart, indicating significant selling pressure in the market recently.

Technical Indicators:

MACD: The current MACD is in the negative region, and the gap between the fast and slow lines is narrowing, indicating that the downward momentum is weakening, but it has not yet turned positive.

RSI: The RSI value is close to 40, not yet entering the oversold range, but showing some signs of fatigue.

EMA: The short-term EMA7 and medium-term EMA30 are both above the current price, and the long-term EMA120 is also above the current price, indicating an overall bearish trend.

Trading Volume:

Hourly trading volume is relatively stable, with no significant increase or decrease, indicating average market participation.

Daily trading volume has decreased, consistent with the price drop, indicating that selling pressure is gradually weakening. #BTC☀