Member indicators show that the current BTC price is below the EMA24 and EMA52 moving averages, and the double moving averages are bearish with slopes of -0.97% and -0.55% respectively, indicating strong downward momentum. At the same time, the distribution of chips shows 101895 as a strong resistance level, with weak buying power and difficulty in breaking through. Combined with the recent K-line pattern, the consecutive appearance of black three soldiers and top subtypes has strengthened the bearish signal.
RSI has entered the oversold zone, but the trading volume continues to shrink, indicating insufficient market rebound willingness. If the price cannot remain stable at 101895, further testing may be conducted to support 98000.
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The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.