D.O.G.E. job cuts, tariffs, a restrictive Fed and new immigration policies could weigh on markets for the next six to nine months, said Lekker Capital's Quinn Thompson.
In the past 12 hours, the large transaction indicator showed that the net outflow of the main force reached $17.05 million, of which the total amount of large market sell orders was $41.3 million, far exceeding the buy order of $24.24 million, showing a clear short selling trend. Especially the large sell order at 22:52 last night, which resulted in a transaction of 3.52 million US dollars, accelerated the downward pressure on prices. Based on the current 2-hour cycle K-line, although the price has rebounded briefly, the RSI has fallen below the 50 median line, and downward momentum is accumulating.
At the same time, the bearish alignment of EMA24 and EMA52 suppresses the rebound space, and the frequent occurrence of large market price sell orders confirms that the main selling pressure has not decreased, and we are alert to further downward exploration.
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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.
Miller Whitehouse-Levine, the former CEO of the DeFi Education Fund, launched the non-partisan nonprofit on Monday.The institute aims to work with the Securities and Exchange Commission’s newly created Crypto Task Force and incoming leadership at the Commodity Futures Trading Commission.
