The 4-hour cycle from last night to this morning showed that BTC formed a local top around $90000 and quickly fell back. Member indicators showed that the EMA24 and EMA52 double moving averages had a dead cross downward, with slopes of -1.19% and -0.99%, respectively, indicating downward pressure. At the same time, the combination of KDJ's death fork and the black three soldier form further confirms the pattern dominated by bears.
The current price has fallen below the support of $89000, and the chip distribution shows a strong resistance of $95560 above, with a low probability of rebound in the short term. If unable to stand firm at $88500, it may continue to explore new lows.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.