The current price of BTC in the 2-hour cycle is below the EMA24 and EMA52 moving averages, showing an overall downward trend. At the same time, the distribution of chips shows that the price is in a sparse area, with a high probability of change. Recently, the support and resistance levels have been concentrated around 84000, and the extremely narrow range of chips indicates that the market is highly susceptible to breaking through. Combined with signals of continuous decline in trading volume and significant decrease in activity, chip distribution indicators can lock in breakthrough directions in advance.
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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.