The data of large transactions in the past 12 hours shows that the main buying and selling forces are basically balanced, but the latest large market buy order of $1.36 million failed to effectively push up the price, indicating insufficient upward momentum. Meanwhile, large sell orders are concentrated above $105000, indicating heavy selling pressure from the main force. Based on the current candlestick pattern, three consecutive bearish candlesticks form a black triad, further verifying the short-term bearish signal.
Currently, BTC is below the EMA24 and EMA52 moving averages, with a weak medium to long-term trend. The formation of a dead cross in KDJ has intensified the risk of decline, and it is necessary to focus on the key support level of $104000.
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The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.