According to the data of major large orders in the past 12 hours, the cumulative sales of Binance contracts have reached $4.1 billion, while the sales of large orders have reached $393 million, indicating a basic balance of buying and selling forces. However, at 23:11 last night, a major selling order of $4.48 million appeared, directly suppressing the price and indicating that short-term selling pressure still exists.
The 1-hour cycle K-line shows that although the price is above the EMA24/52 moving average, the top pattern suggests that a local top may form, and the extremely overbought J value also indicates the risk of a pullback. The main behavior resonates with technical indicators, and the downward pressure cannot be ignored.
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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.
