The 4-hour cycle shows that BTC's latest candlestick has formed a bullish swallowing pattern, coupled with a golden cross above the MACD zero axis, indicating strong upward momentum. Member indicators show that the current trading volume has surged by 147.78%, and the price has successfully reached the moving average of EMA24 and EMA52, verifying the continuity of the bullish trend. In addition, the distribution of chips reveals that the 107597-107706 area is strongly supported, with a buying proportion of 4.85, further consolidating the upward foundation.
RSI has broken through the upward trend line, and the MACD bar chart has continued to grow, both supporting further price exploration. If it can effectively break through the resistance around 109700, it is expected to challenge higher levels.
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The data is sourced from the PRO member's [BTC/USDT Binance 4-hour] candlestick chart, for reference only, and does not constitute any investment advice.
