According to the membership indicator, the current price is below the EMA24/52 moving average, showing an overall downward trend. Meanwhile, the distribution of chips indicates strong resistance near 105398, with buying forces slightly dominant, but the selling pressure above remains heavy. Combined with the 4-hour cycle K-line pattern, the emergence of the Black Three Soldiers further confirms the short-term bearish signal.
Although the latest K-line attempted to rebound, the RSI struggled to recover after entering oversold territory, with trading volume decreasing by 30.32%, indicating a decrease in market activity and insufficient rebound momentum. If the resistance of 105398 cannot be broken, the price may drop again to a low point.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.
