The current BTC 1-hour cycle shows that the price is running above the EMA24 and EMA52 moving averages, indicating a strong overall trend. However, the exclusive chip distribution indicator for members suggests that the current price range has sparse chips, indicating that market volatility may intensify and prices may easily break through or rebound. Considering the recent support level around 104000 (approximately 1.66% from the current price), if the support falls, it may trigger a short-term retracement and requires close attention.
In addition, the KDJ indicator diverges downward, indicating an increase in short-term downward pressure. The appearance of the top classification pattern further confirms the potential risk of decline. Chip distribution overlay technology indicators help you accurately capture inventory changes!
Exclusive chip distribution, precise prediction of support resistance, now open membership, seize the opportunity!
The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.
