Bitcoin (BTC) is catching its breath in the $84,000 range after a steep climb. While the short-term price has pulled back from its high, it remains above key moving averages, meaning the daily-chart uptrend structure has not broken down yet. However, with declining trading volume and slowing momentum appearing simultaneously, whether further gains materialize will depend on whether buying pressure returns.

■ Price Movement According to market data released on the 24th, Bitcoin traded at around $84,141.32. Its 7-day gain stands at 10.41%. The high formed during that period was $87,395.67, putting the current price about 3.72% below it. After the rapid rise over the past week, technical indicators also show the upward momentum cooling somewhat.

■ Signs of Slowing Momentum The MACD is maintaining the golden cross formed three daily candles ago. However, the histogram shrank from 567.43 to 482.47. While it remains in positive territory, indicating some upward momentum remains, this can be read as a signal that the force is weakening compared to before. The RSI(6), which reflects short-term strength, recorded 64.70, below the 70 level typically used as an overbought threshold. Rather than deepening overheating, this looks more like the strong buying elasticity from the recent surge calming down somewhat.

■ Moving Averages and Key Price Levels The upward trend is still intact on the moving average front. The 7-day moving average (MA7) is around $83,525, the MA25 around $79,576, and the MA99 around $69,169. The current price is above all three moving averages, and the alignment of short-term moving averages sitting above medium- and long-term ones continues.

In the short term, movement around the MA7 is the focus. Since the gap between the current price and the 7-day line is not large, whether the price finds support around $83,500 will gauge the strength of the current correction after the recent rally. On the upside, the recent 7-day high near $87,396 remains the reference point. It is important not only that the price approaches this level again but also that trading volume increases alongside it. If trading participation does not sufficiently follow during the recovery toward the high, it is hard to rule out the possibility that upward elasticity will be limited.

■ Supply and Demand Indicators Supply and demand indicators have not yet shown clear expansion signals. Trading volume tallied so far stands at about 0.17 times the recent 7-day average, and large-order flow was reported at -2,064.79 BTC. However, these volume and order flow figures are from before the daily candle is complete. If trading concentrates in the remaining session, the indicators could change, so it is too early to treat them as the day's final results.

In the end, Bitcoin has entered a correction phase below its high after a double-digit rise over the past week. Key indicators such as moving averages and the MACD still show an uptrend structure intact, while trading volume and short-term momentum have weakened compared to before. The main checkpoint for confirming the next move is which direction trading expands between the short-term moving average around $83,500 and the recent high near $87,400.

[Virtual assets are highly volatile, and intraday prices, volumes, and technical indicators can change continuously. This content is information based on the provided market data and is not a recommendation to invest in any specific virtual asset. Technical analysis alone cannot predict future prices, and responsibility for investment decisions and resulting gains or losses lies with the investor.]