The current price is around 87650, and the 1-hour K-line has formed a flat bottomed pattern, indicating that it may stop falling and rebound in the short term. The distribution of chips shows that the range of 87420-87503 is the area with the highest trading volume density, with buying orders accounting for 93.7%, indicating strong support below. Combined with the continuous growth of MACD bar chart, the upward momentum is accumulating.
However, the price is still below the EMA24 and EMA52 moving averages, indicating a weak mid to long term trend. Although the KDJ indicator shows a golden cross, it needs to break through the resistance of 87795 to confirm the reversal signal.
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The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.