BTC Short term Pressure: Dual Verification of Pregnancy Line Form and Chip Resistance

The latest 2-hour cycle K-line has formed a pregnancy line shape, indicating a potential reversal signal. However, combined with member indicators, there is a significant accumulation of chips in the resistance zone above 118867.5, making it difficult for prices to break through. At the same time, although KDJ is in an oversold area, the MACD dead cross is still continuing, and the technical side is bearish. The current price is below the EMA24/52 moving average, with an unchanged downward trend and extremely reduced trading volume. The market activity is low, further suppressing the rebound space. Pay attention to the vicinity of 112015 for the support below. If it falls below, it may accelerate the downward trend. Unlock member indicators and accurately capture reversal signals! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.