BTC is under short-term pressure, with key support levels becoming a watershed between long and short positions

The current 4-hour cycle K-line shows that BTC price is below the EMA24 and EMA52 moving averages, and the slope of the double moving averages is downward, clearly indicating a bearish signal. Membership indicators show a 23.89% decrease in trading volume and a decrease in market activity, further confirming the trend of increased downward momentum. In addition, the recent appearance of black three soldiers and top separation in the K-line pattern has strengthened short-term downward pressure. The distribution of chips shows that 67050 is a strong support level, with buying accounting for 1.05%. If it falls below, it may accelerate the downward trend towards 65700. The resistance of 69402 above is significant, with a selling proportion of 1.01. Breakthrough requires confirmation of increased volume. Open membership immediately and accurately capture the main trends! 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.