The latest 90 minute cycle K-line closed at the upper hanging line, while the member exclusive KDJ indicator showed an extremely overbought J value, increasing the risk of short-term pullback. The chip distribution shows that 114286-114425 is a strong support area, but the current price is far away from this area and lacks immediate support. Cooperate with the KDJ dead cross signal to further verify the downward pressure.
The recent 20 day moving average of trading volume has fallen by 6.64%, indicating insufficient upward momentum. Although EMA24 is still above EMA52, the RSI overbought area continues to weaken, indicating weak upward momentum.
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The data is sourced from the PRO member's [BTC/USDT Binance 90 minute] candlestick, for reference only, and does not constitute any investment advice.
