The current BTC price is in the strong support range of 87686-87869, which is the HVN area with the most concentrated chip distribution in recent times. The buying force is concentrated, with a trading volume ratio of 5.27. Member indicators show that the bottom of the pattern is overlaid with a double bottom RSI pattern, clearly releasing a bullish signal. Although KDJ has a dead cross, the price remains stable above the EMA24 and EMA52 moving averages, indicating that the correction is only a short-term consolidation.
The 4-hour cycle K-line forms three external upward patterns, and the MACD bar chart continues to grow, further verifying that upward momentum is accumulating. The 10 day moving average of trading volume has significantly increased by 84.93%, indicating a significant inflow of short-term funds and increased market activity.
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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.