The current price is above the strong support level of 117941.5, but the distribution of chips shows a weakening buying force, with a buy sell ratio of only 0.94, suggesting that support may be difficult to sustain. At the same time, the MACD death cross, combined with the black three soldier pattern, releases a strong bearish signal, and downward momentum is gathering.
The trading volume in the resistance zone above 118189 is significant. If it cannot be effectively broken through, the price may test the support below again. The current trading volume has shrunk by 38.97%, and there is a strong wait-and-see sentiment in the market, waiting for direction to be chosen.
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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.
