BTC's key resistance zone is about to battle, chip distribution reveals breakthrough direction
The current price is around 105440, approaching the key resistance zone of 108769-109601. The trading volume in this area has doubled, indicating strong selling pressure. According to the distribution data of member exclusive chips, the top three resistance levels (108769, 108936, 109601) are all accompanied by high trading volume ratios, indicating that the main funds may be defending in this range. If the price cannot break through in volume, it may retrace to the EMA52 support level (105000). On a technical level, the KDJ dead fork is combined with the top parting form to further verify the short-term pullback risk. But EMA24 is still above EMA52, with a strong mid to long term trend. Pay attention to whether the closing of the 1-hour cycle can stabilize at 105659. If it falls, it will trigger a rapid downward trend. Open a membership, obtain precise resistance levels and real-time fund trends, and take the lead in layout! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.
