How to choose BTC's short-term direction when major orders show short selling intentions?
According to the data of major single orders in the past 12 hours, the net outflow of the main force was 44.92 million US dollars, with a buy sell ratio of 1:1.19. The main force showed a clear willingness to short. Although there were multiple major buy orders during this period, such as the $13.38 million transaction at 17:11, the overall selling pressure was heavier, with the maximum sell order amount reaching $12.81 million. The flow of funds indicates that despite some bottom fishing activities, the main force is more inclined to sell at high levels. The current 2-hour cycle K-line shows a red three soldier pattern, with prices above the EMA24/52 moving average, indicating a strong bullish signal on the surface. However, the trading volume has shrunk to 29.82% of the average level, and the trading activity has significantly decreased, indicating that the upward momentum may be difficult to sustain. By opening a membership, you can track the main trends in real time and capture key buying and selling 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.
