In the past 12 hours, the main buying and selling orders have all exceeded $600 million in transaction volume, but selling orders have slightly gained the upper hand. Especially at 18:03 today, the Binance contract saw a major selling order of $35.78 million, with the price fixed at $118300, closely following the current closing price of $118074. Combined with the recent peak pattern, it suggests that there may be short-term downward pressure.
The technical verification is also not optimistic. The KDJ dead cross overlaps with overbought areas, and RSI also shows a possibility of falling, further strengthening the downward signal.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
