Member indicators show that the current price is below the EMA24/52 moving average, and EMA24 is below EMA52, indicating a bearish trend in the medium to long term. At the same time, the latest K-line has formed a flat topped pattern, coupled with recent bearish signals from the Black Three, further confirming downward pressure. In addition, the KDJ death cross indicates that the short-term correction may continue.
The distribution of chips shows that multiple resistance is formed in the area above 115709-115888, indicating a significant lack of buying power and an advantage in selling pressure. Combining the shrinking of the 10 day and 20 day moving averages of trading volume, decreased market activity, and weak price rebound.
Unlock precise support resistance levels for members to help you plan ahead!
The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.