Member indicators show that the current price is below the EMA24/52 moving average, showing an overall downward trend, and although KDJ has a golden cross, it is still hovering in the oversold area, indicating limited rebound strength. The distribution of chips shows strong support around 102020, and if it falls below, it may accelerate to 101774.
The appearance of black three soldiers in the 2-hour cycle K-line pattern, coupled with the movement below the MACD zero axis, further confirms the short-term bearish signal. The trading activity has decreased, and the market is showing a strong wait-and-see attitude. We need to be alert to the possibility of bears making another push.
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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.