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The 1-hour cycle K-line shows a bearish swallowing pattern, with the bearish line completely covering the previous bullish line, strongly indicating short-term downward pressure. Based on member indicator data, the main selling volume in the past 12 hours reached $134 million, especially in the intensive selling range of $11500-115400, further verifying the downward trend. The current price has fallen below the support of the EMA24/52 moving average, with bears dominating. It is worth noting that although KDJ has entered the oversold area, the main buyers are relatively cautious in their transactions, with the maximum order being only $6.05 million, indicating a weak willingness to buy at the bottom. In the short term, the key support level of $114500 may be tested. Open a membership, track key trends, and seize the best buying and selling opportunities! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.
