Member data shows that the current BTC price is below the EMA24 and EMA52 moving averages, and trading volume has significantly shrunk to 25% after the last 10 cycles, indicating weak market buying. Meanwhile, the distribution of chips shows strong support at $108020, but the current price has fallen below multiple key resistance levels, further confirming downward pressure.
The MACD bar chart continues to shrink, with increased downward momentum. Although RSI has rebounded, it is still constrained below the 50 median line and overall weak. Pay attention to the gains and losses of the $108020 support, if it falls below or accelerates its downward trend.
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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.