BTC under short-term pressure: significant suppression at key resistance levels
The current 2-hour cycle K-line shows that BTC prices are below the EMA24 and EMA52 moving averages, indicating a weak medium to long-term trend. Member indicators show that prices are approaching the strong resistance zone of 111544, but trading volume has significantly shrunk to the last 25% in recent times, indicating low market interest and suggesting difficulty in breaking through. At the same time, the KDJ indicator converges, and although the MACD has a golden cross, its momentum is insufficient, further verifying that the upward momentum is limited. In addition, the latest K-line shows a meteor shaped pattern, combined with top classification signals, indicating the formation of local tops and increasing bearish pressure. If it falls below the support of 107300, it may trigger further decline. Open membership, accurately capture resistance support levels, and stay one step ahead to lock in opportunities! 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.
