ETH 4-hour cycle: Chip distribution reveals key support, price may welcome breakthrough opportunity

OKX-BTC/USDT is currently trading at $92627.80, with a 24-hour decline of 0.57%. Please be aware of market fluctuations.

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Odaily Planet Daily News: NEXUS CEO Dan announced in an article on X platform that NEXUS Testnet III will be launched this quarter, and Mainnet I is also planned to be launched in Q3. Previously, NEXUS Testnet II was shut down at 4:00 am on February 23rd.

According to AiCoin monitoring, the net inflow of US spot BTC ETF reached $917 million yesterday, the highest daily net inflow since January 30th. Among them, IBIT had the largest inflow of funds, reaching $643 million; Next is ARKB, with an inflow of $130 million. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

The current price range has sparse chips, indicating that the price is easy to break through, but the low-priced area below has concentrated chips, suggesting strong support around 1600. Based on the latest K-line data, although the price is above the EMA24/52 moving average, the trading volume is extremely shrinking and the market is hesitant. Chip distribution helps to accurately locate support and resistance, helping you to plan ahead and change inventory. The combination of KDJ dead cross and MACD weakened momentum, increasing short-term downside risk, but the support of underlying chips may limit the decline. Cooperate with chip distribution indicators to seize the opportunity of long short turning points. Open membership to unlock chip distribution, accurately predict support resistance, and stay ahead of the trend! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.