BTC under short-term pressure, key support levels may become a long short watershed

Member indicators show that the current price of BTC is below the EMA24 and EMA52 moving averages, and the slope of the double moving averages is downward, releasing a strong bearish signal. Meanwhile, the MACD continues to spread below the zero axis, confirming that downward momentum is still accumulating. On the candlestick chart, the latest 4-hour cycle has formed a belt catching line, with the opening price close to the lowest point, indicating that buying is trying to resist, but there is significant resistance above 86964.5, making it difficult to break through. The chip distribution shows that the 85966-86215 area is a strong support range, and if it falls below, it will accelerate its downward trend to 84468. Suggest paying attention to the gains and losses of the region and seizing short-term trading opportunities. Open a membership to obtain real-time main trends and accurate support resistance analysis, helping you stay one step ahead! 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.