$BTC Short-term Plunge Signal Already Present?
The market data from the last 12 hours is very clear: the main players are frantically selling off Bitcoin!
The total amount sold reached 18.65 million USD, while the amount bought was only 6.68 million, resulting in a net outflow of 11.97 million. This clearly indicates that the main players are retreating, and their intent to short is very obvious.
Especially around 6 PM today, a large market sell order of 1.29 million suddenly appeared, directly pushing the price down to around 109048.83 USD. This operation is clearly signaling "I still want to keep selling," and the bearish tendency in the short term has become even stronger.
Looking at the technical aspects, the 2-hour candlestick chart has already formed a flat top pattern, while the MACD indicator's histogram has been continuously shrinking, indicating that the downward momentum is accumulating. This coincides perfectly with the bearish signal from the main players' large sell-off.
In summary, the pressure for a short-term correction in Bitcoin is already very apparent, so be cautious!
The market is dull; brothers in liquidation, message me to receive the recovery password!
