The current 4-hour cycle K-line shows that BTC price is below the EMA24 and EMA52 moving averages, and EMA24 is below EMA52, indicating a bearish trend in the medium to long term. Member indicators have detected strong support in the 109864-110068 region, but trading volume has shrunk to 28.43% of the average level, and market activity has significantly decreased, indicating that bulls are unable to counterattack. In addition, the divergence of the KDJ death fork further confirms the enhanced downward momentum.
We need to pay attention to whether the support level of 109762.5 can stabilize in the near future. If it falls below, it may accelerate its downward trend to 107930. The upper resistance is at 110170, and a breakthrough requires confirmation of volume.
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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.
