The current BTC is above the EMA24 and EMA52 moving averages in a 2-hour cycle, indicating a strong overall trend. However, the chip distribution shows that the current price range is sparse, indicating that the price may fluctuate rapidly. The recent support level is around 95000, only 2.34% away from the current price, indicating limited downward momentum. If the price gains support and rebounds, the distribution of chips will help accurately capture resistance and target levels.
In addition, the K-line pattern shows a red three soldier pattern, coupled with the weakening signal of MACD momentum, the market may face direction choices in the short term. Open a membership, master the distribution data of chips, understand the trends of long and short funds, and lock in breakthrough opportunities in advance!
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
