BTC key chip area encounters resistance, 2-hour cycle brewing change signal

The current price is testing the key resistance level of $118654, which is an important peak area for chips. The buy sell ratio of 0.916 indicates strong selling pressure. Member indicators show that trading volume is bearish and daily volume has decreased by 9.87% over the past 20 days, indicating low market activity and insufficient upward momentum. Combined with the K-line pattern, the previous 2-hour cycle has formed a flat topped structure, further strengthening the short-term bearish signal. Although RSI has broken through the 50 line upwards, the kinetic energy above the MACD zero axis has weakened, indicating that the bulls are weak in the future. The lower support is at $117906, and if it falls below, it may accelerate its downward trend to $117300. Take the lead in identifying the turning point of the trend and unlock real-time trading signals by opening up members! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.