BTC large transactions reveal main trend, short-term trend may face turning point
In the past 12 hours, the main force's large transactions showed that the total amount of market sell orders reached $28.78 million, significantly higher than the buy orders of $26.15 million, with selling pressure dominating. Especially today at 17:38, a large market price sell order of $1.42 million appeared, directly suppressing the price to around $112974, further verifying the signal of increased selling pressure. Combined with the 1-hour cycle K-line, the current RSI has fallen below the 50 line and the MACD bar chart continues to shrink, indicating that downward momentum is accumulating. Although the KDJ indicator is in an oversold area and shows signs of a golden cross, the selling behavior of large transactions suggests that the rebound space may be limited, and further downside risks need to be cautious. Open a membership, grasp the main trends, and lock in opportunities for change in advance! 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.
