The 90 minute cycle data shows that the analysis of member exclusive chips reveals that the current price is below the EMA24/52 moving average, and the slope of EMA52 is downward, indicating a clear bearish trend in the mid-term. At the same time, the main funds have formed a strong resistance zone near 104693, suppressing the upward space of prices. The latest K-line pattern shows that although there is a rebound intention in the bottom pattern, the strength is relatively weak.
On a technical level, although the KDJ golden cross suggests a possible reversal, the RSI double bottom has not effectively broken through, indicating insufficient upward momentum. Recently, the trading volume has increased by 23.67%, mainly due to selling pressure.
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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.
