1. K-line Patterns:

At the hourly level, a long upper shadow appears (e.g., after the peak of 2132.96 at 17:00 on April 7, followed by a rapid decline), indicating heavy selling pressure above.
The daily chart has closed lower for three consecutive days, and today’s K-line broke below yesterday’s low of 2058.01, signaling a continuation of the downtrend.
The key psychological level of 2100 was broken with increased volume and has now become a resistance level (. At 18:00 on April 7, the hourly trading volume was 419,507 ).
2. Technical Indicators:
MACD: The double lines on the hourly chart continue to diverge below the zero line (. DIF: -10.19 / DEA: -4.84 ). The daily histogram has shifted from positive to negative (. 3.06 -→ 5.65 ).
RSI: The hourly RSI is at 33.65, approaching oversold territory, but the daily RSI at 48.30 has not reached extreme levels, indicating potential for further decline.
EMA: The price has broken below all key moving averages (. The 7/30/120-hour EMAs are clustered in the 2085-2105 range ), showing a standard bearish alignment.
3. Volume:
During sharp declines, volume significantly increases (e.g., at 18:00 on April 7, a drop of $38.97 accompanied a trading volume of 41,9507 #Gate广场四月发帖挑战 ).
During rebounds, volume diminishes (e.g., at 21:00 on April 7, a rebound to 2092 with only 225,855 trading volume).
On the daily level, the 2.84 million volume exceeds the previous day's 5.14 million, indicating a price decline with decreasing volume.