Member indicators show that the current price is below the EMA24/52 moving average, and the moving average is bearish, indicating that short-term downward pressure has not decreased. Based on the distribution of chips, the price is approaching the key support level of $89990 (high volume intensive area), where buying power is strong and may trigger a rebound. But be cautious, if it falls below this support, bears may accelerate to $89632.
K-line pattern and trading volume validate bearish signals: The latest K-line has formed a bottom pattern, but trading volume has shrunk to 20.19% of the recent average, indicating low market activity. At the same time, the KDJ indicator converged and RSI broke through the upward trend line, indicating that the bullish momentum is insufficient and the rebound space is limited.
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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.