The current 2-hour cycle K-line shows that BTC prices are hovering below the EMA24 and EMA52 moving averages, indicating significant overall pressure. At the same time, the market trading volume has severely shrunk, only 25.40% of the average level, indicating extremely low participation of retail investors. However, the lack of large market order transaction data suggests that the main behavior may be hidden, and the market direction is still unclear.
Combined with the latest K-line pattern, a cross star appears, and with RSI breaking through the upward trend line, there is short-term rebound demand. However, due to the lack of main funding trends, it is difficult to confirm the continuity of the trend.
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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.
