The large transaction data in the past 12 hours shows that the main force bought $23 million, sold $20.89 million, and had a net inflow of $2.11 million, showing a weak long trend. However, a large market sell order appeared in the late trading session, with an amount as high as $109000, and the price dropped from $112080 to $112070, indicating an increase in short-term pullback pressure. Considering the current overbought signal of KDJ, there is a risk of market downturn.
The latest 1-hour cycle K-line has closed with a cross star, combined with signs of outflow of main funds, which may indicate a weakening of upward momentum. Although the EMA moving average is still diverging upwards, we need to be alert to the possibility of changes in the market.
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The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.
