The current price is around 111000, approaching the high chip density area of 121270-121763 (with a trading volume of 9.94%), which forms strong resistance. According to the member indicators, the 90 minute cycle K-line shows a meteor shaped pattern, and the EMA24/52 moving average shows a bearish arrangement, verifying the short-term bearish signal.
The trading volume continues to shrink, with both short-term and long-term averages showing a bearish trend, and market activity decreasing, indicating insufficient upward momentum. If the price cannot effectively break through 121270, it may retrace to 110000 support.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.