The current price is around 110100, and the distribution of member chips shows strong resistance in the range of 110630-110879, with support at 108392-108641. Recently, trading volume has continued to shrink, market activity has decreased, and EMA24 has crossed EMA52 to form a dead cross, indicating a clear bearish signal in the medium to long term. On the candlestick chart, although there is a flat bottomed support signal, the overall rebound is weak due to the suppression of flat topped resistance.
Considering that the KDJ indicator is in an oversold area, there may be a slight rebound in the short term, but we need to be cautious about the continuity of the decline after the black three soldiers. If the price falls below the support of 108392, it will open up downward space.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
