The current 90 minute cycle K-line shows that the price is around $105429, and the membership indicator shows a key resistance level of $105588.5, and the J value has entered an extremely overbought range. The market has shown significant selling pressure at this resistance level, and the K-line has formed an upper hanging line, indicating that the upward momentum may dissipate.
At the same time, the distribution of chips shows a significant trading concentration area at $105588.5, coupled with the weakening of the KDJ indicator divergence trend and the slowing down of the MACD red bar increment, further verifying the pullback risk. EMA24 and EMA52 are in short positions, suppressing the upward potential of prices.
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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.
