BTC key support level revealed: 88121 becomes the focus of long short competition

Member indicators show that the current price is testing the key support level 88121, where the concentration of chips is as high as 4.65, with a slight advantage in buying (buy/sell ratio of 1.07), indicating a strong market support at this price point. Combined with the K-line shape, the appearance of a flat bottom further confirms the effectiveness of the support. In the 1-hour cycle K-line, EMA24 and EMA52 are in a long position, with prices above the moving average, indicating a strong overall trend. Despite the decline in trading volume, RSI has broken through the upward trend line, indicating that short-term rebound momentum is accumulating. Open a membership to obtain real-time chip distribution and accurate support resistance analysis, helping you seize the opportunity! 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.