In the past 12 hours, BTC's large transaction data has shown a clear trend of short selling, with the main force accumulating a net outflow of $6.81 million and a buy sell ratio of 1:1.15. Especially in the 16:00 cycle, the main force continuously sold over $7 million, directly suppressing the price to fall below the support of EMA24. Combined with the latest K-line pattern, the 16:00 cycle showed bearish swallowing and KDJ dead cross, verifying the intention of the main funds to leave.
Although the current price is above EMA52, the downside risk of EMA24 has increased, and the trading volume has decreased by 19.91% in the short term, further weakening the rebound momentum.
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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.
