BTC chip structure shifts to a single-peak distribution, with trading focus moving higher
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PRO chip distribution data shows that in the past week, BTC chip structure is undergoing changes, shifting from a previous triple peak to the current single peak. The two prices with the highest concentration of transactions are $71,669.70 and $74,274.55, with the transaction intensive area gradually moving upwards.
Strategy: A shift in chip pattern usually means the market has gone through sufficient rotation, and a new cost structure is forming. $74,274.55 will become a key support zone in the near term.
The chip distribution chart effectively identifies changes in market cost. Subscribe to PRO membership to use this indicator to track the evolution of chip patterns for any coin and time frame.
Data is for reference only and does not constitute any investment advice.
Strategy: A shift in chip pattern usually means the market has gone through sufficient rotation, and a new cost structure is forming. $74,274.55 will become a key support zone in the near term.
The chip distribution chart effectively identifies changes in market cost. Subscribe to PRO membership to use this indicator to track the evolution of chip patterns for any coin and time frame.
Data is for reference only and does not constitute any investment advice.
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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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