From the perspective of the exclusive major single order indicators for members, the selling strength of the main force in the past 12 hours far exceeded the buying strength, with a net outflow of $186 million and a buy to sell ratio of 1:1.57, indicating a clear bearish trend for the main force. Especially last night, the two large selling orders of over $71.4 million and $16.2 million in Binance contracts directly suppressed the upward potential of prices. Although BTC is currently stable at the EMA24/52 moving average, the main force has a strong willingness to short, and the upward pressure cannot be ignored.
KDJ's death cross further confirms the risk of short-term pullback, with a 33.32% decrease in trading volume on the 2-hour candlestick and weakened market momentum. If there is no new buying support, BTC may test the key support level of $109500.
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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.
