$BTC Main force retreat, how can small investors save themselves?
According to the recent data of large transactions over the past 12 hours, the main funds have net sold over 20 million US dollars, with the selling volume reaching three times that of the buying volume! Moreover, the latest three million-dollar sell orders are concentrated in the price range of 118700-118800 US dollars, and the short-term selling pressure is like a dark cloud looming...
Where does the worry come from?
The 2-hour K-line has formed a typical bearish engulfing pattern, and the MACD indicator is showing a death cross, with short-term downward momentum continuously strengthening.
Firstly, institutions or whales are becoming cold towards the future market, which may trigger a chain reaction of selling;
Secondly, the technical structure is weakening; if the key support at 118000 is broken, the next target will directly point to the 115000-116000 US dollar range;
Thirdly, market sentiment is fragile; although currencies like ETH are performing well against the trend, if BTC continues to be weak, it will still drag down the overall market.
So what should we small investors do:
If you have ideas but haven't acted yet, hold off for now. We need to observe whether the large sell orders diminish and whether there is any action from the main force to defend the 115000-116000 range. If there is no clear reversal evidence, remaining on the sidelines is still the best strategy;
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