The current BTC candlestick chart shows a clear swallowing pattern, which is a strong reversal signal. The appearance of the three external structures this morning further confirms this trend, but the market situation is hesitant, and in the short term, a gyro shaped K-line is formed with small fluctuations imminent.
However, the prices running on the EMA24/52 double moving average continue to point towards an upward trajectory, painting us a medium - to long-term optimistic picture. However, it should be noted that the current trading volume has significantly shrunk to 33.57% of the usual level, and market activity has significantly decreased, which may suppress short-term trends.
At this moment, we need to pay more attention to the dynamics of the main large orders. When competing for key positions in the market, who wins and takes over, and who quietly withdraws? With the help of our membership metrics, we can track these capital flows in real time, understand the intentions of the main players, and keep your trading decisions always one step ahead!
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.
