Looking at the recent 4-hour BTC candlestick chart, things have been interesting these past couple of days.

Since December 29th, the price has been fluctuating around that level—slightly rising around noon but actually falling compared to 8 a.m., overall lower than at midnight. It finally closed with a bearish candle, opening higher than the close, indicating a slight pullback.

Trading volume has clearly shrunk, significantly less than a few hours ago. What does this mean? Market participation has decreased, feeling a bit冷清 (quiet), with both buying and selling activity not very active.

From a technical perspective, a few points—The MACD histogram has been staying positive but is gradually shortening, indicating the bulls' strength is waning and lacking momentum; The KDJ indicator is currently neutral, with a value of 78, showing no golden cross or death cross for now, so no clear direction can be seen; Regarding moving averages, the MA10 is still above the MA30 (confirmed as of 16:00 on December 29th), providing some short-term support.

Overall, the current pattern is a sideways movement leaning towards weakness.

If you want to trade, consider these levels:

**Long Position**
Buy opportunities at 82997.92 and 86504.23, with stop-loss set at 86702.12

**Short Position**
Sell points at 89252.0 and 91664.66, with stop-loss at 90574.17

**Support and Resistance**
Recent support level is at 86403.0, resistance at 89252.0, with the highest point in the past two days reaching 90123.55, and the lowest at 87137.81.

Currently, although the bulls still hold the主动权 (initiative), their momentum is indeed weakening, so be cautious of further downside potential.