The main large order data shows that the buying and selling forces have been basically balanced in the past 12 hours, but there have been significant changes in the latest 1-hour cycle. The Binance contract was traded at the price of $118200, with the main player buying a large order of $8.47 million, indicating that there is financial support at the key support level. Previously, the $19.63 million main selling order at 16:08 was significantly suppressed, and combined with the KDJ dead cross signal, there is still a short-term downside risk.
The current K-line is forming a bullish swallowing pattern, but we need to be alert to the bearish signal of the Black Three in the afternoon. The main behavior shows that $118000 is a key point for long short competition, and it is recommended to pay close attention to it.
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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.
