The current BTC is running on a 4-hour cycle, and the member exclusive chip distribution indicator shows that the price range is sparse, indicating a high probability of the current price breaking through resistance or support. The recent support level is around 79000, while the resistance level is at 82000, both less than 2.5% from the current price, indicating a sudden increase in the risk of market volatility. Based on the analysis of K-line pattern and trading volume, the market activity has significantly decreased, and the price action can be weakened, further increasing the possibility of a pullback to the support level.
Although MACD shows a medium-term bullish signal, EMA24 is still below EMA52, indicating a weak trend in the medium to long term. Clear chip distribution indicates key points to help you plan ahead.
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The data is sourced from the PRO member's [BTC/USDT Binance 4-hour] candlestick chart, for reference only, and does not constitute any investment advice.