Yesterday's PRO News Reminder: BTC is testing the most densely traded price (POC) of the past month at $62602, with a focus on the resistance of chips at $63940 and $64596.
As of now, the trend has been verified: BTC first stabilized at $62602, then broke through $63940, and continued to explore the upper edge of the value zone.
More importantly, the chip structure has changed: yesterday's upper edge of the value zone was $64596, and now it has moved up to $64976, indicating that after the price went up, funds really switched hands at a higher position, and the market consensus cost has been raised.
The ordinary candlestick shows an increase, but the distribution of PRO chips reveals whether the previous pressure has been digested, where the new consensus cost lies, and whether support/resistance should be redrawn in the future.
The market is moving, and chips are also shifting; If you still look at today's market with yesterday's support pressure, it's easy to mistake the position.
Activate PRO and track chip migration in real-time. Don't wait until the pressure becomes supportive or the support becomes ineffective before reacting.
The data is sourced from the PRO "Chip Distribution" indicator and is for reference only.
