According to the 1-hour cycle display, the member chip distribution indicator shows strong resistance at $118974, and the current price is close to this resistance. Additionally, the KDJ indicator is in the overbought area, indicating a short-term pullback risk. In addition, the MACD bar chart continues to shrink, and the downward momentum is increasing, forming a dual verification with the resistance signal of the chips.
The price is currently above the EMA24 and EMA52 moving averages, and the overall trend remains strong. But recently, trading volume has shrunk to 40% of the average level, and market activity has significantly decreased, raising concerns about the possibility of price retracement to support $113603.
Activate membership immediately, obtain real-time chip distribution data, and accurately grasp support resistance levels!
The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.
