BTC 2-hour cycle: Frequent occurrence of large sell orders and increased risk of pullback

Recently, BTC has shown a top split and a flat top on the 2-hour candlestick chart, releasing a bearish signal. Based on membership indicators, large market sell orders dominate, with a total sell amount of $19.38 million in the past 12 hours. The latest sell order of $1.76 million has further lowered the price. The main funds continue to flow out, indicating a clear intention for market correction. The current BTC price is below the EMA24 and EMA52 moving averages, with a weak short-term trend. The extremely overbought J value also suggests the risk of a pullback. The large transaction indicator accurately captures the main trend and helps you lock in the change signal in advance! Be the first to open a membership, get access to the main trading dynamics, and quickly grasp the market trends! 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.