The current BTC price is around 122000, approaching the maximum trading volume range in the chip distribution (109231-109536). According to membership indicators, the proportion of buying in this region reached 91.8%, indicating strong support below. Based on the K-line pattern, a cross star appears in the latest 2-hour cycle, intensifying the market's long short game. In the short term, the effectiveness of this support level may be tested.
At the same time, trading volume continued to shrink to 45.31% of the average level, and market activity was sluggish. Although the EMA24/52 moving average is in a bullish pattern, the KDJ golden cross and RSI double bottom signals suggest potential upward momentum. Suggest paying attention to the opportunity to stabilize at the support level of 109231, with a target of reaching a high before 123894.
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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.