The 2-hour cycle K-line shows that the price is currently hovering around 105500. The member exclusive chip distribution indicator suggests that the maximum trading volume range (105210-105363) is forming strong support, and buying is slightly dominant. Combining the MACD dead cross and KDJ dead cross signals, there is still a risk of short-term retracement, but support levels may limit the decline.
In addition, EMA24 has crossed EMA52, indicating a weak medium to long-term trend, but the price remains above the key moving average, indicating that the bulls have not completely given up. If we can hold onto the support of 105200, we may test the resistance above 105745 again.
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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.
