BTC Key Point Game: Contradictory Signal between Chip Intensive Zone Support and Volume Shrinkage

The current BTC price is around 110500, above the key support level of 110513.5 in the chip distribution, but the trading volume has severely shrunk to 25% after the last 10 cycles, and market interest has significantly weakened. According to the membership indicators, the MACD bar chart has continuously decreased and the downward momentum has increased, verifying the signal of strong market wait-and-see sentiment. On the candlestick chart, the latest 90 minute cycle shows a combination of a hammer head and a cross star, indicating a tug of war between long and short forces. However, the price still runs above the EMA24/52 moving average, and the overall trend is still upward. If it falls below the support of 110513.5, it may accelerate its descent to the strong support of 106806. The membership function accurately captures the flow of funds and key support, helping you plan ahead! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.