According to PRO data, BTC is testing the most concentrated trading price of $96777.5 in the past six months. This price is the market's long short tug of war point, and if it falls, it may fall into a chip vacuum zone with a huge price difference below, weak support, or trigger a rapid decline.
In addition, at the daily level, LUSR is rising, holding volume is decreasing, and the main sentiment is bearish. The support of $96777.5 is crucial! If it falls below, you can pay attention to the MA120 and MA200 moving averages for support; If you stand firm, you can pay attention to the multi million dollar put orders of Binance and Coinbase spot giants.
Editor's note: When the peak of chips is below the price, it can be considered as a support level. The support level remains unbroken, and the price rebounds; Breaking below the support level, the market is accelerating its decline.
The distribution of chips varies among different currency pairs and time ranges. The data is for reference only and does not constitute any investment advice
