At 2am, the K-line of the cycle showed that BTC prices briefly dropped to $78061, but then three large transactions occurred. Among them, a large market price sell order of $6.07 million was suppressed, followed by a large market price buy order of $3.07 million, indicating that the main funds began to layout and buy at the bottom. Combined with the KDJ indicator, it has entered the oversold area, and the probability of short-term rebound has increased.
The current EMA24 and EMA52 moving averages are in a bearish position, but the KDJ indicator is converging, and with the emergence of large buy orders, it may imply a weakening of downward momentum.
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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.
