The 2-hour cycle K-line shows that although the current price is above the EMA24 and EMA52 moving averages, the latest K-line shows a cross star and gyro pattern, indicating an increase in market hesitation. Based on member indicators, there have been three consecutive large market sell orders in the past hour, with a cumulative sell of $12 million. However, the buying force has significantly weakened, and the main funds have shown signs of outflow, indicating that there may be short-term pressure.
Further observation shows that the buying and selling forces have been basically balanced recently, but large transactions are concentrated around the key point of $83600, indicating fierce competition for this position. Combined with the convergence signal of KDJ index, the trend may reverse at any time.
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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.
