The data of major large orders in the past 12 hours shows that the buying and selling forces are basically balanced, but there are two major selling orders with a turnover of over $30 million in the top five, with prices concentrated in the range of $85800 to $85900, indicating heavy selling pressure above. At the same time, the latest 1-hour cycle K-line has formed a black three soldier pattern, with increased downward momentum. The price has fallen below the support of the EMA24 and EMA52 moving averages, further verifying the bearish signal of the main selling force.
The extremely oversold J value suggests a possible rebound, but the MACD zero axis spreads below and the downward trend is not yet complete. The main behavior often predicts the market direction, and by opening a membership, one can track the main trend in real time and seize the opportunity!
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.
