The data of major large orders in the past 12 hours shows that the buying and selling forces are basically balanced, but large orders with a single transaction volume exceeding 10 million US dollars frequently appear, especially the major selling order of 35.09 million US dollars on the Binance contract last night, which directly suppressed the price test of $120000 support. Although the current 2-hour cycle K-line shows a red three soldier pattern and the price remains stable at the EMA24/52 moving average, the J-value has entered an extremely overbought area, and the risk of a pullback is accumulating.
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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.
