The 4-hour cycle shows that BTC has formed a dense chip peak in the range of 117691-118007, with strong support. Although the latest candlestick has fallen below EMA24, it has gained effective support in the region, and member indicators show significant capital inflows, suggesting that the main force is protecting the market here.
The MACD bar chart continues to grow, coupled with the upward movement of the EMA24/52 golden cross, and upward momentum is accumulating. The current price has fallen back to POC level 117691, and if it can hold steady, it is expected to hit the 120000 mark.
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The data is sourced from the PRO member's [BTC/USDT Binance 4-hour] candlestick chart, for reference only, and does not constitute any investment advice.