AiCoin Market Update: Can BTC break through the $72,000 pressure level?
According to Aicoin news, Bitcoin's rise to $72,000 last night encountered resistance again, and it is still fluctuating at a high level. There is pressure at $72,080 at the top, and support at $69,870 and $68,230 at the bottom. Focus on $72,000. BTC has failed to break through this point after multiple attempts. According to the full depth chart data, there is a cumulative accumulation of large-scale sell orders of US$17.8 million at this point, and the suppression effect is significant. If BTC can break through this pressure level in the future, it is expected to challenge new highs.
It is worth noting that in the 4-hour cycle, the MACD short volume column shrinks, and the yellow and white lines converge (potential dead cross signal). If the subsequent volume column turns short or forms a dead cross signal, you need to pay attention to the risk of short-term pullback. The chip distribution is different in different time ranges and different cycles, and the data is for reference only.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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