The membership indicator shows that the price is testing the key resistance level of 108954.5, which is the volume intensive peak of the recent 2-hour cycle. Cooperating with the KDJ golden cross signal, it indicates that short-term action energy is accumulating. It is worth noting that although the trading volume has shrunk, RSI has broken through the upward trend line, indicating the potential for a breakthrough that is poised to take off.
Observing that EMA24 and EMA52 show a bullish trend, while the MACD bar chart continues to grow, the upward momentum is still accumulating. Based on the distribution of chips, a strong support band is formed in the area of 107651.5-107760 below, providing a safety cushion for potential pullbacks.
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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.
