Recent BTC market analysis: Main selling pressure, short-term downside risk intensifies
The main funds in the BTC market have clearly fled, with a net outflow of 111 million yuan from large orders. The data shows that the main force sold a turnover of 280 million yuan, far higher than the 169 million yuan bought, with a buy to sell ratio of 1: 1.66, indicating that the main force has low recognition of the current price. Especially after the price exceeded $112000, the main selling pressure intensified, with the maximum single selling amount reaching 21.95 million, directly causing short-term pressure on BTC and hindering its upward trend.
From a technical perspective, although there are two potential rebound patterns in the 1-hour cycle K-line, namely the hammer line and the flat bottom, the price has always been running below the EMA52 moving average, and the KDJ indicator has formed a dead cross, resulting in insufficient rebound momentum and continued downward pressure.
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