In the short term, the price has been consolidating at a low level for most of the time and remains within a downward channel. The price has attempted to break through multiple times but has not effectively surpassed the resistance level. Bearish pressure is strong, and overall downward pressure is evident. The price is receiving some support at an important support level, but upward momentum is lacking.
Candlestick pattern: Overall shows a trend of oscillating downward, with prices continuously moving lower at the highs and gradually declining at the lows.
DC: Both the upper and lower bands are in a downward trend, and the price is fluctuating near the lower band, indicating significant overall downward pressure.
BOLL: The candlestick is near the lower band, showing a strong downward trend. The price has failed to break through the middle band, and bearish pressure is dominant.