BTC's short-term direction is shrouded in fog, chip distribution reveals key support resistance
The current BTC price is around 87500, and member indicators show that the recent support level is at 84000, less than 4% away, while the resistance level is only at 88000, only 0.34% away. Based on the distribution of chips, the current price range has sparse chips, increasing the probability of breakthroughs. If the price falls below support, it may accelerate the downward trend; On the contrary, if resistance is overcome, there is a possibility of opening up upward space. Looking at the K-line shape again, the latest 4-hour cycle shows a pregnancy line, indicating a potential reversal signal. At the same time, the trading volume has significantly shrunk, and the market has a strong wait-and-see attitude, which may exacerbate price fluctuations. Open a membership, master the distribution of chips, accurately capture support and resistance levels, and plan the market in advance! The data is sourced from the PRO member's [BTC/USDT Binance 4-hour] candlestick chart, for reference only, and does not constitute any investment advice.
