The current BTC price is around 83000, and the chip distribution shows that the support level is only 0.43% away from the current price, while the resistance level is at 86000, with a space of about 2.85%. The sparse chips in the price range suggest that a breakthrough in the market may be imminent. Combined with the K-line pattern, the hammer line and water probe appear simultaneously, indicating a strong bullish reversal signal.
However, EMA24 is still below EMA52, indicating a weak trend in the medium to long term. The trading volume significantly shrank to 2.17% of the average level, indicating a strong wait-and-see sentiment in the market. At this point, the distribution of chips can accurately reveal the key points of long short games, helping you plan ahead.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
