Member indicators show that BTC is currently forming strong resistance around 104939, with significantly increased trading volume but slightly insufficient buying momentum, hindering upward momentum. Based on the analysis of chip distribution, this location is the area with the highest trading volume density, making it difficult to break through.
Technically speaking, although MACD has a golden cross, the momentum of the bar chart has weakened, and the price is still running below EMA52. The K-line shape also confirms the obvious pressure, with two consecutive bullish lines failing to effectively stabilize above 104688.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.
