The current BTC price is below the EMA24 and EMA52 moving averages, and the 90 minute K-line shows a clear downward trend. Combined with the exclusive chip distribution index for members, the current price range has sparse chips, but the chips near 83000 are dense, forming a strong resistance. This distribution pattern indicates that without strong buying momentum, prices are highly susceptible to pressure and fall back.
In addition, although RSI has entered the oversold area, the KDJ dead cross signal confirms the short-term downside risk. The resonance between the upper pressure revealed by chip distribution and technical indicators further confirms the weak pattern. Open membership, unlock chip distribution, and accurately predict market turning points!
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.