According to the data of major single orders in the past 12 hours, the total transaction volume of sell orders reached $199 million, significantly higher than the buy order of $129 million. The main net outflow was $69.7 million, with a buy sell ratio of 1: 1.54, indicating a strong willingness to short. The main force concentrated on selling over $68 million around $115850 and $115700, suppressing the upward potential of prices and causing significant short-term pressure on the market.
The current 2-hour cycle K-line forms a combination of a cross star and a black three soldier, with the addition of the KDJ death cross signal, further verifying the increased downside risk. Although the price is above the EMA moving average, the upward momentum is weakening, and we are wary of a trend reversal.
Tracking major orders helps you lock in key trends in advance and accurately capture market turning points!
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.
