The data of large transactions in the past 12 hours shows that the main funds are clearly biased towards selling, with a cumulative net outflow of $12.53 million. In addition, the latest three consecutive large market price sell orders have been intensively traded around $102900, with a total amount exceeding $3 million, indicating an increase in short-term selling pressure. At the same time, the price fell below the EMA24 and EMA52 moving averages, further confirming the downward trend.
The current RSI has fallen below the 50 median line and is trending downwards, accompanied by the K-line showing a peak pattern, indicating a weakening of market sentiment and increased downward pressure. Dual verification of main behavior and technical indicators, BTC may continue its downward trend.
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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.
