The current BTC price is at 86788.7, and the chip distribution shows a sparse price range, indicating a high possibility of breakthrough. Considering the recent support level around 84000 (3.09% from the current level), if it falls below, it may accelerate the downward trend. At the same time, both KDJ and RSI indicate overbought, and the extremely overbought J value further amplifies the risk of a pullback, verifying the supportive warning effect of chip distribution.
Although the EMA24/52 moving average is in a bullish position, trading volume has shrunk to recent lows, market activity has decreased, and upward momentum may be difficult to sustain. The chip distribution index can accurately locate support and resistance, helping you plan ahead.
Open a membership now, keep track of chip dynamics, and seize the opportunity!
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.
