From a 4-hour cycle perspective, BTC prices are currently above the EMA24 and EMA52 moving averages, indicating a strong overall trend. But the distribution of chips shows that the chips in the current price range are sparse, indicating an increased possibility of breakthrough. The support around 85000 below is strong, only 0.82% from the current price. If the support is effective, the price is expected to continue to rise.
Upon further observation, the recent trading volume has decreased by 39.22% and market activity has decreased, indicating a cautious trend in long short games. Combined with the concentrated support of low-priced areas in chip distribution, it is expected that buying below will provide a strong bottoming effect. By opening a membership, you can unlock chip distribution indicators and accurately capture support and breakthrough opportunities!
The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.
