From the distribution data of member exclusive chips, the current price is approaching the key support level of 105445.5, with a trading volume of 6.38% in this region, and fierce long short competition. At the same time, the KDJ dead cross signal appears, combined with the top classification morphology, indicating the possibility of further downward exploration in the short term.
The 2-hour cycle K-line shows that although the price is still above the EMA24/52 moving average, the MACD red bar continues to shorten, and the upward momentum has significantly declined. We need to pay close attention to the effectiveness of support in the range of 105381-105510 in the near future.
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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.