Main large orders frequently experience selling pressure, BTC may experience short-term pressure and fall back
According to the data of major single orders in the past 12 hours, the sales volume of sell orders reached $282 million, far exceeding buy orders by $136 million. The net outflow of main orders was $146 million, with a buy to sell ratio of 1:2.07, clearly indicating a short selling signal. Especially at 12:22 and 14:10, there were huge sell orders of $2.18 million and $13.2 million respectively, indicating that the main funds are accelerating their exit. Combined with the 2-hour cycle K-line, the price is currently above the EMA24/52 moving average, but the KDJ dead cross is in the overbought area, indicating an increased risk of a pullback. The main behavior resonates with technical indicators, and the downward pressure cannot be ignored. Open a membership, track the main trends in real time, and lock in market opportunities for changes in advance! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
