Member indicators show that the current price is below the EMA24 and EMA52 moving averages, while the distribution of chips reveals that the strong support area of 101607.5 is facing a test. Based on the K-line pattern, the latest 2-hour cycle shows a pregnancy line and a flat top structure, indicating significant resistance above 101844 and a decline in trading volume to the last 25% in the near future, indicating a strong wait-and-see sentiment in the market.
MACD has a dead cross below the zero axis, and although KDJ has a golden cross, it is still in the oversold zone, verifying the weak short-term rebound. If it falls below the support of 101371, the downside risk will intensify.
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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.