The current 2-hour cycle K-line has formed a pregnant line pattern, with price fluctuations narrowing, and the market may face direction choices. According to the distribution index of member chips, the recent support level is around 85000, only 3.71% away from the current price, and the chips in the current price range are sparse, making it easy for the market to break through quickly. The balanced distribution of chips implies a temporary balance of long and short forces.
The EMA24 and EMA52 moving averages are in a bullish alignment, but the RSI double bottom pattern suggests a possible rebound. Cooperate with chip distribution indicators to more clearly determine the support pressure level.
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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.
