According to the data of large transactions in the past 12 hours, the total amount of major market price sell orders reached $81.25 million, far exceeding buy orders by $49.53 million, with a net outflow of $31.72 million and a buy to sell ratio of 1: 1.64, showing a clear short selling trend. Especially after last night's massive sell order of $8.7 million hit the market, prices continued to be under pressure. Although the latest 2-hour cycle K-line has $3.56 million buy support, it has not been able to reverse the downward signal.
Technically speaking, the current KDJ dead cross resonates with the top pattern, further verifying the short-term bearish signal, and the price may test the support of the EMA24 moving average.
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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.
