BTC key support test: chip intensive area may become a watershed between long and short positions
The current BTC price is around 88155 and is in the maximum trading volume range of the chip distribution (88064-88246), with a slight buying advantage in this area (buy/sell ratio of 1.07). If the price falls below 88064, it may quickly drop to secondary support at 87972.5. Based on member indicators, trading volume has shrunk to 24.23% of the recent 10 cycle average, indicating a strong wait-and-see sentiment in the market. However, the KDJ death cross and the downward trend of the RSI midline have confirmed short-term bearish signals. The price is currently below EMA24 but above EMA52, indicating a strong medium to long-term trend. Pay attention to the breakthrough of the 88337.5 resistance level, increase volume or initiate a rebound. Accurate capture of member indicators to support resistance, immediately activate member access to key points! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.
