In the past 12 hours, the main buying and selling forces have been basically balanced, but there have been frequent large orders with a single transaction volume exceeding $14 million, especially the 17:09 Binance contract selling large orders with a transaction volume of $20.06 million, indicating that the main force is frequently exploring key positions. Based on the cross star signal of the current 2-hour cycle K-line pattern, the market is at a critical point in direction selection.
Meanwhile, the price is below the EMA24/52 moving average, showing an overall downward trend, but the KDJ indicator has entered oversold territory, which may trigger a rebound. The main behavior may determine the short-term trend.
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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.
