Frequent fluctuations in the main force: BTC's 2-hour cycle hides mysteries

In the past 12 hours, the main buying and selling orders have all exceeded $600 million in transaction volume, but selling orders have slightly gained the upper hand. Especially at 18:03 today, the Binance contract saw a major selling order of $35.78 million, with the price fixed at $118300, closely following the current closing price of $118074. Combined with the recent peak pattern, it suggests that there may be short-term downward pressure. The technical verification is also not optimistic. The KDJ dead cross overlaps with overbought areas, and RSI also shows a possibility of falling, further strengthening the downward signal. Unlock real-time updates on major orders and gain insight into capital fluctuations - open up membership and seize market turning points ahead of time! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.