The latest 4-hour cycle K-line shows that BTC has received strong support at the support level of 118007, which is the area with the highest trading volume concentration, with buying accounting for 90%. At the same time, after top classification, a red three soldier form is formed, which, combined with the KDJ golden cross, indicates a high probability of short-term upward breakthrough.
The current price has reached the EMA24/52 moving average, and EMA24 has surpassed EMA52, indicating a strengthening trend in the medium to long term. Based on the distribution of chips, breaking through the resistance level of 118165 is expected to challenge the 120000 level.
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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.
