The current 1-hour cycle K-line shows a cross star and upper hanging line pattern, combined with the KDJ overbought signal, indicating that the upward momentum may be depleted. The distribution of exclusive chips for members shows that the 86920-87113 area is strongly supported, with a cumulative trading volume accounting for 5.18% and a buy sell ratio close to 1, indicating significant support. If the price falls below this region, it may accelerate its downward trend towards the LVN vacuum zone.
The EMA24 and EMA52 moving averages are still in a long position, but the MACD bar chart continues to shrink, indicating an increased risk of short-term pullback. Pay attention to the support performance around 87000, if it falls below, be bearish at 86400.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.