BTC may face key direction choices in the short term, with chip distribution revealing potential support
The current price is around 110555 USDT, below the EMA24 and EMA52 moving averages, showing a weak consolidation in the short term. Member indicators show that the MACD bar chart continues to decrease, indicating an increase in downward momentum. Coupled with the candlestick pattern of a cross star and top, this further confirms the downside risk. The distribution of chips shows that there are multiple strong support levels in the 108438-108687 range below, and the intensive trading volume peak provides a potential basis for stopping the decline. Combined with the suppression of resistance level 111180, if the price cannot effectively break through, or test the support area below. Short term trading should pay attention to the long short game around 108438. Member indicators help you seize key support resistance levels and plan ahead! 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.
