Good morning, I am Oupeng. Today is May 12th. The K-line of Bitcoin shows that the price is fluctuating at a high level, forming a consolidation pattern after a slight pullback.

Recently, the fluctuations have been large, but overall it is still in an upward trend, with adjustments following the previous surge.

The MACD shows multiple divergence signals. Currently, the DIF and DEA averages are gradually approaching the zero axis, indicating that the market may enter a consolidation phase, with new signals about to appear.

The RSI value is close to 50, not entering the overbought or oversold range, showing that the current market sentiment is relatively stable.

The EMA7 and EMA30 have frequent crossovers, and in the short term, the price is fluctuating around the EMA120, indicating a lack of clear direction in the market.

The trading volume has decreased in the last few hours, indicating a decline in market participation.

The daily trading volume peaked on May 8th and has gradually weakened since then, reflecting a decrease in market enthusiasm.

From the volume distribution chart, it can be seen that there is a continued downward trend at the current level. If it breaks below 102724, it may lead to a larger downward trend.

It is recommended to wait for a clearer signal before taking action.