The latest 90 minute cycle K-line shows that member indicators have captured a flat top pattern near $105750, coupled with a MACD dead cross signal, indicating short-term pullback pressure. The distribution of chips shows that the strong support level is around $104728, with a trading volume proportion of up to 5.1%, indicating that bulls may be struggling to resist in this area. However, the current trading volume has shrunk to 29.87% of the recent average, and market activity has significantly decreased, further confirming the downside risk.
RSI breaks through the uptrend line, releasing a bullish signal, but the KDJ death cross suggests a possible reversal. If the price falls below $104728, bears may dominate, and it is recommended to pay attention to key support performance.
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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.
