According to the data of major single orders in the past 12 hours, the sales volume of sell orders reached as high as $166 million, far exceeding buy orders by $1.1 billion, with a net outflow of $55.23 million. The main players showed a clear willingness to short. Combining the 1-hour cycle K-line pattern, a flat top structure is currently formed, with the highest price repeatedly obstructed at the same position, indicating heavy selling pressure above.
MACD has a dead cross below the zero axis, RSI has fallen below the 50 line and is trending downwards. Technical indicators are synchronously verifying the downside risk. At present, although the price is above EMA52, the main players continue to reduce their positions, which may lead to further pullback.
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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.
