Member indicators show that the current price is testing the key support level 88121, where the concentration of chips is as high as 4.65, with a slight advantage in buying (buy/sell ratio of 1.07), indicating a strong market support at this price point. Combined with the K-line shape, the appearance of a flat bottom further confirms the effectiveness of the support.
In the 1-hour cycle K-line, EMA24 and EMA52 are in a long position, with prices above the moving average, indicating a strong overall trend. Despite the decline in trading volume, RSI has broken through the upward trend line, indicating that short-term rebound momentum is accumulating.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.