Data from the past 12 hours shows that the main force sold large orders with a turnover of $535 million, far exceeding the $425 million for buying large orders. The main force had a net outflow of $110 million, with a buy sell ratio of 1: 1.26, indicating a clear bearish signal. Combining with the latest 1-hour cycle K-line, the trading volume surged by 103.49%, but the price fell, suspected of panic selling, which is consistent with the main force's short selling intention.
The current KDJ has a dead cross and the indicators are diverging, further strengthening the downward trend. Although the price is above the EMA24/52 moving average, market sentiment has shown signs of weakness.
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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.
