The large transaction data in the past 12 hours shows that the main funds have shown a clear bullish trend, with a cumulative net inflow of $2.28 million. Especially at 17:04, a large market order of $3.79 million appeared, pushing the price up above $122300. However, in the latest hour, there was a large market sell order of $1.44 million, indicating an intensification of the long short game.
The current 1-hour cycle K-line has formed a flat bottomed pattern, coupled with the continuous reduction of the MACD bar chart, indicating that the upward momentum is weakening. Based on the distribution of large transactions, the key support level is around $12200.
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The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.