Data from the past 12 hours shows that the main force sold large orders with a turnover of $376 million, far exceeding the $152 million for buying large orders, with a net outflow of $223 million and a buy to sell ratio of 1:2.47. The main force showed a clear willingness to short. Especially last night, the Binance contract saw three consecutive sell orders exceeding $40 million, further suppressing market sentiment. Although the current candlestick is above the EMA24/52 moving average, the meteor pattern suggests an increased risk of short-term pullback, and caution should be exercised against downward pressure.
The J value is extremely overbought and the meteor shape is superimposed, increasing the possibility of a pullback. The bullish ranking of trading volume shows an increase in activity, but the continuous exit of main funds may pose a hidden danger.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.
