BTC key support level revealed: main chip intensive area may become a long short watershed
The current BTC price is around 111500, and the peak proportion of strong support level chips at 111172 below is as high as 4.88%, with buying orders accounting for nearly 92%, showing extremely strong carrying capacity. Membership indicators show that the main chips are well locked in, with no signs of large-scale distribution and strong support. Based on the candlestick pattern, the current 1-hour cycle shows a flat bottomed structure, with two consecutive candlesticks stabilizing near the support level, further strengthening bullish expectations. The short-term moving average shows that the upward trend is still continuing, with EMA24 and EMA52 forming a golden cross support. However, we need to be vigilant about the continuous decline in trading volume, which indicates a cautious market sentiment and may limit the upward space. Pay attention to whether 111700 can break through and confirm the rebound momentum. Open a membership to obtain accurate chip distribution data and real-time buying and selling signals, helping you seize the opportunity! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.
