#比特币突破8万美元大关 chips have started concentrating here
BTC is back around $80,000.
According to the chip distribution data over the past 48 hours, about 50% of the trading volume is concentrated in the $80,100–$81,600 range, with the POC around $80,850.
The price is now close to the lower end of the range at $80,100.
From here downward, focus on the trading volume.
If it breaks down on increased volume, it suggests this batch of chips is starting to loosen, and there may be a need to find a new area with dense trading below.
If it breaks down but with no increase in volume, and then quickly reclaims the level, it indicates that buy-side support below is still present, so it cannot be simply interpreted as a loss of support for now.
So the market structure is fairly clear at the moment:
$80,100 is support; $80,850 is the area where chips are densely concentrated. After a break, look at the trading volume.
How the price moves is one thing, but whether the chip distribution has been pierced is another.
Data is for reference only and does not constitute investment advice.
BTC is back around $80,000.
According to the chip distribution data over the past 48 hours, about 50% of the trading volume is concentrated in the $80,100–$81,600 range, with the POC around $80,850.
The price is now close to the lower end of the range at $80,100.
From here downward, focus on the trading volume.
If it breaks down on increased volume, it suggests this batch of chips is starting to loosen, and there may be a need to find a new area with dense trading below.
If it breaks down but with no increase in volume, and then quickly reclaims the level, it indicates that buy-side support below is still present, so it cannot be simply interpreted as a loss of support for now.
So the market structure is fairly clear at the moment:
$80,100 is support; $80,850 is the area where chips are densely concentrated. After a break, look at the trading volume.
How the price moves is one thing, but whether the chip distribution has been pierced is another.
Data is for reference only and does not constitute investment advice.
