At present, BTC is in a period of interval oscillation, with obvious signs of large-scale trading. The support level of $94000 has been verified, while $98000, as the main distribution point in the near future, constitutes strong resistance.
$94000: Last night, BTC fell sharply due to unexpected CPI data, and Binance's main force made a strong bottom cut of $30.91 million. BTC was able to hold onto the $94000 support and quickly rebounded by over 4%;
$98000: When BTC rebounded and hit this level in the morning, Binance major traders followed suit and sold $7.04 million. At the same time, the price formed an upward hanging line and peaked, leading to a short-term decline.
Editor's reminder: There is significant pressure in the range of $98000 to $98500, and if BTC cannot break through this range, there is still a risk of a pullback; If there is a breakthrough in volume, it is expected to sprint for $100000!
The data is sourced from PRO's main large orders, for reference only, and does not constitute any investment advice
