The current BTC price is around 82000, and the chip distribution shows that the chips in this area are sparse, making the price prone to rapid fluctuations. Combined with the resistance level of 84000 (about 2.73% from the current price), if the market buying power increases, it is highly likely to break through quickly. The balanced distribution of chips indicates a fierce long short game, and it is necessary to focus on the direction of breakthrough.
Technically speaking, the price is below the EMA24 and EMA52 moving averages, indicating a weak overall trend. But RSI has broken through the upward trend line, and upward momentum is accumulating. It is particularly crucial to capture breakthrough signals in advance based on the distribution of chips.
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The data is sourced from the PRO member's [BTC/USDT Binance 90 minute] candlestick, for reference only, and does not constitute any investment advice.
