Member indicators show that the current price is rebounding in the chip intensive area supporting 108529, with a high trading volume proportion of 5.52% at this position, and fierce long short competition. Based on the candlestick pattern, the last two candlesticks formed a top pattern and quickly fell back, with a strengthened short-term downward trend. At the same time, the moving averages of EMA24 and EMA52 are suppressing downwards, further confirming the bearish signal, and the price may test the next support level of 108333.
After falling below the 50 line, RSI continued to weaken. Currently, the KDJ indicator is converging, and the downward momentum has not been fully released. We need to be alert to the accelerated downward risk that may be triggered by the loss of 108333.
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The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.