【Price Trend Analysis】

1. Candlestick Patterns:

- Recent prices have experienced a sharp decline, with multiple large bearish candles in a row, indicating market panic selling and dominance of bearish forces.
- The candlestick on February 12th has a small real body with a long lower shadow, and trading volume has decreased, suggesting some buying support at lower levels. However, the forces of bulls and bears are becoming more balanced, and the market is entering a short-term consolidation or hesitation phase.

2. Technical Indicators:

- MACD: DIF and DEA are both below the zero line, with DIF below DEA, and the MACD histogram is negative, indicating a strong bearish trend. Recently, the negative MACD histogram has been converging, showing that downward momentum is slowing.
- RSI: The RSI value has been below 30 for a long time, in the oversold zone, indicating an extremely oversold market. However, according to Rule 6, persistent overselling may also signal a strong downward trend. On February 12th, RSI slightly rebounded, possibly indicating a short-term rebound.
- EMA: Short-term EMA7, mid-term EMA30, and long-term EMA120 are all in a bearish alignment (EMA7 < EMA30 < EMA120), and all are forming strong resistance above the current price, confirming a long-term downtrend. The price is well below all moving averages, showing extreme market weakness.

3. Trading Volume:

- During the recent sharp decline, trading volume was accompanied by significant spikes, especially on February 5th, 6th, 7th, 10th, and 11th, indicating strong bearish forces and heavy market selling pressure.
- On February 12th, trading volume sharply decreased, possibly indicating a short-term reduction in selling pressure or a market mood of waiting and observing at current lows, awaiting a direction choice.