According to the data of major single orders in the past 12 hours, the buy order turnover reached $315 million, far exceeding the sell order of $243 million, with a net inflow of $72.09 million. The main players showed a significant intention to go long. Especially at the price of $111000, there was a huge buying of $105 million, laying short-term support. Based on the current price being above the EMA24/52 moving average, the upward trend has been technically validated.
However, the latest 2-hour cycle K-line closed with a cross star, indicating a slight hesitation in market sentiment, which may indicate a short-term adjustment. If it falls below the support of $11200, it may retrace to $111500.
Open a membership, gain an advantage in key trends, and lock in profit 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.
