The large transactions in the past 12 hours show that the main funds are clearly biased towards selling, with a cumulative net outflow of $20.38 million and a high buy sell ratio of 1:3.03, indicating intensified market selling pressure. Especially the latest three large market price sell orders are concentrated in the range of $118700 to $118800, indicating that the support at this price level is facing a severe test.
At the same time, the 2-hour cycle K-line showed a bearish swallowing pattern, and the MACD death cross further confirmed the short-term downside risk. Combining large transaction indicators can provide better insight into the main trend in advance.
Take the lead in mastering the main trends, and large transaction indicators help you accurately predict 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.
