The 4-hour cycle shows that BTC prices are probing the chip concentration peak in the 111200 area, where nearly 5% of the total trading volume is concentrated, forming strong support. The current J value has entered the oversold range, and with RSI breaking through the 50 median line and moving upwards, it suggests that rebound momentum is accumulating.
Although MACD has a dead cross, the trading volume has shrunk to 43% of the average level, indicating limited selling pressure. Combined with the bullish arrangement of the EMA moving average, the price tends to rise after gaining support here.
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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.
