Member indicators show that the current price is below the EMA24/52 moving average, showing an overall downward trend, and the J value is extremely oversold, indicating an increased possibility of short-term rebound. At the same time, the latest 2-hour cycle K-line has formed a pregnant line shape, with potential reversal signals emerging. Combined with the shrinking trading volume to the last 25% in the near future, the market has a strong wait-and-see sentiment, waiting for breakthrough guidance.
The distribution of chips shows that the strong support zone is located in the range of 107853-108265, and the current price is close to this area. If it can stabilize, it is expected to trigger a rebound market. But we need to be wary of the suppression effect of EMA24, as breaking below support may accelerate the 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.