Member indicators show that the current BTC price is above the strong support range of 117888-117964, but trading volume has shrunk to 48.82% of the average level, indicating a strong wait-and-see sentiment in the market. It is worth noting that the trading volume in this support zone accounts for as much as 5.73%, and once it falls below, it may trigger a rapid downward trend.
From a technical perspective, the 4-hour cycle K-line exhibits a top split structure, coupled with RSI breaking through the upward trend line, the upward momentum has weakened to some extent. EMA24 and EMA52 show a bullish trend, but the MACD bar chart growth has slowed down, indicating that upward movements can be under pressure.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.