The current BTC price is below EMA24 but above EMA52, indicating a pullback in the upward trend. Based on membership indicators, the chips around 89000 are sparse, with strong support and easy price breakthroughs. Recently, the trading volume has significantly shrunk to 26% of the daily volume in the past 10 days, indicating a strong wait-and-see sentiment in the market. However, the stability of low-level chips suggests limited room for correction.
Although MACD is running below the zero axis, the KDJ golden cross is beginning to appear, and with the support level of 89000, the rebound signal gradually strengthens. Open membership to unlock chip distribution, accurately capture support and resistance levels, and layout faster!
The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.
