The current 4-hour cycle shows that BTC prices are below the EMA24 and EMA52 moving averages, showing an overall downward trend. Member indicators show that trading volume surged by 121.63% but prices fell, indicating that panic selling is intensifying and bearish signals are clear. At the same time, RSI broke through the 50 median line and went downwards, further verifying the strengthening of downward momentum.
The distribution of chips shows that 91377 is a strong resistance zone, with a trading volume accounting for as much as 6.23%. Multiple attempts to break through the price have been unsuccessful. If unable to effectively hold the position, it may continue to explore for support.
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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.