Data from the past 12 hours shows that the total amount of large market buy orders reached $26.25 million, exceeding sell orders by $5.32 million, indicating a clear bullish signal. Especially with the latest purchase of $1.19 million at 18:22, the price remained stable above $119240, indicating an increase in short-term support. However, the large market price sell order of $4.2 million at 17:41 did not continue to suppress the price, and signs of a rebound appeared.
The current 2-hour cycle K-line has closed in a cross star pattern with a longer upper shadow line, indicating market hesitation. However, the EMA24 and EMA52 moving averages have crossed upwards, providing technical support for the upward 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.
