In the past 12 hours, the total amount of BTC large market sell orders reached $42.5 million, far exceeding buy orders of $22.1 million, with a net outflow of $20.4 million, showing a clear short selling trend. The latest three large sell orders were all heavily transacted above $111000, further suppressing prices. Combined with the current candlestick pattern, the top pattern and bearish swallowing pattern have strengthened the expectation of a decline.
The MACD dead cross and KDJ dead cross simultaneously verify downward pressure. Although RSI has double bottom support, trading volume is extremely shrinking and rebound momentum is insufficient. The main funds continue to exit, and the short-term trend may be under pressure.
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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.
