The latest 1-hour cycle shows that KDJ has formed a golden cross and the indicator is diverging, with increasing upward momentum. At the same time, RSI has broken through the 50 median line and is moving upwards, further verifying the bullish signal. Based on the distribution of chips, the current price is above the strong support level of 107392, where buying power is concentrated and selling pressure is relatively light, providing stable support for bulls.
The trading volume is significantly higher than the daily volume of 10 days, the short-term activity has surged, and market funds are accelerating their inflow. If the price effectively stabilizes at the EMA24 and EMA52 moving averages, it is expected to challenge the recent high of 108528.
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The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.
