Data from the past 12 hours shows that the main force sold large orders with a turnover of $147 million, far exceeding the $88.9 million for buying large orders, with a net outflow of $57.95 million, indicating a clear willingness to short. Especially after the two large orders of $2.28 million and $2.195 million hit the market, BTC continues to be under pressure. Currently, the price has fallen below the EMA24 and EMA52 moving averages, and the medium to long term trend has weakened.
The current 2-hour cycle K-line forms a flat top shape, coupled with the KDJ dead cross signal, further verifying the pressure of the main force's short selling. The area around $108600 below may face a new round of challenges.
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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.