BTC falls below the $122000 mark

The 4-hour cycle K-line shows that BTC has formed a black three soldier pattern with three consecutive bearish lines, and member indicators have captured an increase in downward momentum. The continuous reduction of the MACD bar chart further confirms this signal. The current price is below EMA24, but supported by EMA52, there is significant downward pressure. The distribution of chips shows that the key resistance level is at $123971.5, while the support level is at $12021.5. The market trading volume has shrunk to 45% of the average level, and there is a strong wait-and-see sentiment. If the price falls below the $12021.5 support, it may trigger a rapid decline to the strong support area of $114375.5. Suggest paying attention to the breakthrough situation in the LVN region, as prices may experience accelerated fluctuations. Member indicators help you lock in trend inflection points in advance and accurately capture high and low points! 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.

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