$BTC Trend Analysis Current Price: The current price of BTC is 116,765.22 USDT, down about 3.81% from the previous day, indicating some short-term adjustment pressure.

Trend Line: The chart shows that the medium to long-term trend lines (purple and yellow lines) are generally on an upward trend, but the recent price has fallen from its peak, approaching the moving average support.

Short-term Fluctuation: Around August 18, the price peaked at about 118,000 USDT, then fell back, with trading volume increasing at the peak, indicating profit-taking or increased market wait-and-see sentiment.

Trading Volume: Recently, trading volume has significantly increased during price rises, but weakened during declines, suggesting the market may be entering an adjustment phase.

Technical Indicators: MA7 (7-day moving average) and MA29 (29-day moving average) indicate that the price is currently close to the moving average, with short-term support likely in the 116,000-116,500 USDT range.

RSI (Relative Strength Index) does not show specific values, but based on fluctuations, it may be in a neutral to weak area in the short term.

Support and Resistance: The recent low of about 116,000 USDT is an important support level, while the resistance level may be in the 118,000-119,000 USDT range.