The 2-hour cycle K-line shows that the current price is above the EMA24 and EMA52 moving averages, indicating a strong overall trend. However, the latest K-line has formed a flat top shape, combined with the KDJ dead cross signal, indicating that short-term action can weaken or face downward pressure. The exclusive chip distribution data for members also shows significant resistance near 109507, further verifying the bearish signal.
The trading volume has surged recently, with a daily volume increase of 22.61% over the past 10 days. The market activity has increased, but the price has not effectively broken through the key resistance level. Be alert to the risk of pullback in combination with the operation of RSI overbought areas.
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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.
