Member indicators show that the current trading volume has surged by 140.87%, but the price has fallen below the EMA24 and EMA52 moving averages, forming a clear bearish signal. At the same time, the K-line appeared in a black three soldier pattern, which, combined with the top classification structure, further strengthened the short-term downward pressure. The distribution of chips shows strong resistance in the area from 114941 to 115139, while there is a lack of significant support below, suggesting that bears may continue to dominate the market.
In addition, although KDJ is in an oversold area and appears to have a golden cross, the RSI double bottom pattern has not fully confirmed the rebound momentum, and the divergence of indicators indicates volatility or continuation. Pay attention to the gains and losses before the low point of 109274, as a drop below it will widen the decline.
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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.
