In the past 12 hours, large transactions have shown that the main funds have been fluctuating around $117000, with a buy of $153.2 million and a sell of $142.4 million. The buying and selling forces are basically balanced. But this morning, there were consecutive large market sell orders exceeding $4 million, indicating that short-term selling pressure still exists, while the afternoon large market buy order of $1.76 million suggests that support is still present. Based on the current 2-hour candlestick pattern, it indicates that the market is about to choose its direction.
Under the pressure of the double moving averages of EMA24 and EMA52, prices are under significant pressure, and caution should be exercised against the risk of a downward breakthrough.
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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.
