BTC Short term Direction Decision: Key Support Level Becomes a Long Short Divide

The current 1-hour cycle shows that BTC prices are below the EMA24/52 moving average, showing an overall downward trend. The exclusive chip distribution indicator for members shows that 68891.5 is a strong support, with buying accounting for 83.5%, but there is significant resistance above 69439, indicating concentrated selling pressure. Combined with the K-line pattern, the red three soldier bullish signal alternates with the black three soldier bearish signal, indicating market hesitation. The trading volume has shrunk to 26% of the average level, indicating insufficient short-term momentum. Attention should be paid to the gains and losses of 68891 support. If it falls below or accelerates to 68071; If held, the rebound target is expected to reach 69439. Unlock member indicators, accurately capture support resistance levels, and take the lead in layout! 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.