Unbelievable, is BTC going to crash in the short term? The main force is crazily shorting!
The current short-term situation of Bitcoin is quite unfavorable, with the main funds becoming the key disruptors.
The data from the last 12 hours speaks volumes; the total value of sell orders by the main force reached 592 million USD, while buy orders only amounted to 401 million USD, resulting in a net outflow of 190 million USD, with a buy-sell ratio of 1:1.47. This is an unmistakable short signal. The main funds are withdrawing significantly, indicating a bearish outlook, possibly aiming to profit from the dip or avoid risks.
With prices around 122,000 USD, the main force is concentrating on large sell orders, as if they have set a solid wall on the way up, firmly suppressing the price and preventing it from rising.
Technical indicators are also not optimistic, with the MACD histogram on the 1-hour K-line continuously shortening, and the downward momentum growing stronger, echoing the main force's shorting actions, creating a dual bearish situation.
Trading volume has shrunk to an average of 45.99%, making the market very quiet with low activity. However, the main force remains unfazed and continues to short, clearly indicating an intention to push the price down.
I strongly believe that Bitcoin is under significant pressure in the short term, and the risk of a downturn is very high.
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