From the perspective of member exclusive chip distribution indicators, the current price range has sparse chips, with support and resistance around 83000, and the market is in a delicate balance. Based on the latest 4-hour candlestick pattern, the price has fallen after testing key levels, indicating that the direction of breakthrough is about to become clear. The distribution of chips shows that the recent long short competition is concentrated in this narrow range, and a change of direction is imminent.
In addition, the KDJ death cross combined with shrinking trading volume has led to a strong wait-and-see sentiment in the market, but the slope of EMA24 is upward, indicating that upward momentum still exists. Short term domestic demand will focus on the gains and losses of 83000, and the distribution of chips will reveal the intention of funds in advance.
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The data is sourced from the PRO member's [BTC/USDT Binance 4-hour] candlestick chart, for reference only, and does not constitute any investment advice.
