The current price is near the strong support level of 107677.5, with a trading volume of 6.29% in this area, indicating strong buying power. Combined with membership indicators, the KDJ golden cross has formed, indicating that short-term upward momentum is accumulating. At the same time, RSI broke through the upward trend line, further verifying the reliability of the bullish signal.
However, the price is still below the EMA24/52 moving average, and the medium to long term trend is weak. If we can effectively maintain the support of 107677.5 and break through the resistance of 108000 with increased volume, it will open up upward space.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.
