The current BTC price is at 110473.6, close to the strong resistance level of 111059.5, which is the peak of the highest trading volume chips. The buying power has weakened, and the selling pressure has increased. According to member indicators, the 1-hour K-line has shown a black three soldier pattern, while trading volume has shrunk to 33.15% of the average level, further verifying the downside risk.
The momentum of the MACD bar chart has weakened, and although the price is still above the EMA24/52 moving average, the upward momentum is weak. We need to be alert to the possibility of accelerated decline after falling below EMA52. Pay attention to the support of the 110000 integer level. If it falls, test the 109400 low below.
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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.