The current price is at $110466, and the membership indicator shows that EMA24 has crossed EMA52 to form a dead cross, clearly indicating a medium to long-term bearish signal. At the same time, the K-line pattern showed a top split, combined with the RSI double bottom not effectively breaking through, further verifying the continuity of the downward trend. The distribution of chips shows that the strong resistance of $111069 is significantly suppressed, with insufficient buying power and a high probability of price pressure and decline.
The trading volume has shrunk to 48.59% of the recent average, indicating a strong wait-and-see sentiment in the market. However, the double verification of the EMA dead cross and K-line pattern indicates a downward signal, which may test the support of $107863 in the short term.
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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.