The 4-hour cycle shows that BTC prices are challenging the resistance zone of 121516.5, where chip trading volume has reached 7.8 times the average, with heavy selling pressure. At the same time, the membership indicator shows that the J value is extremely overbought, indicating significant pullback risk. Although KDJ has a golden cross, it has entered the overbought zone, with prices below the EMA24/52 moving average, further confirming downward pressure.
The current K-line shows a belt catching line, indicating that although the bulls are trying to break through, their momentum is insufficient. If unable to effectively stabilize above 121516.5, the price may quickly retrace to support 112133.5. The abnormally active trading volume indicates an intensification of market divergence.
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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.