$BTC is currently at a high position, facing significant pressure, so be cautious of the risk of a pullback!
The latest 90-minute candlestick has formed a hanging man, and the KDJ indicator also shows that the J value is extremely overbought, clearly increasing the risk of a short-term pullback.
The chip distribution shows that 114286-114425 is a strong support zone, but the current price is too far from this area, providing no immediate support. Additionally, the KDJ has shown a death cross signal, further indicating significant downward pressure.
Recently, the 20-day average trading volume has dropped by 6.64%, indicating a lack of upward momentum. Although the EMA24 is still above the EMA52, the RSI has been hovering in the overbought zone, also suggesting that the upward movement lacks strength.
I believe that Bitcoin is likely to pull back next! To avoid unnecessary detours, you need to be in sync with the rhythm. Sister Shisan focuses on potential coins and prepares in advance before the market starts. For real-time strategies, you can reach out to Sister Shisan.
