BTC key support level revealed, alert to pullback risk

The 1-hour cycle K-line display shows that the membership function has captured a top split in the price around $110000, and the KDJ dead cross further confirms the possibility of a short-term correction. Based on the distribution data of chips, the current price is approaching the maximum trading volume support level of $105552.5. If it falls below this support level, the risk of exploring the low volume LVN area will increase. Although the trading volume has fallen by 21.82% in the short term, the double moving averages of EMA24 and EMA52 still show a bullish trend, indicating that the medium to long term trend has not changed. Suggest paying attention to the gains and losses of $110000, as well as the changes in the K-line shape near the support level. Open membership immediately and accurately grasp the main trends! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.