$BTC Technical Indicators Are Lighting Up Red, Is the Short-Term Trend Completely Turning Bearish?
Recently, the pullback signal in the Bitcoin market on a 2-hour cycle has become increasingly apparent!
First, let's discuss the market situation: The K-line has continuously shown top reversal patterns such as the top distribution and flat top, which itself is a bearish warning signal. More crucially, large sell orders are aggressively crashing the market; just in the last 12 hours, the total amount sold at market price has reached $19.38 million, and a recent large order of $1.76 million has directly pushed the price down, clearly indicating that the main force is fleeing!
From a technical perspective, the price has now fallen below the EMA24 and EMA52 moving averages, and the short-term trend is clearly weak. Additionally, the J value in the technical indicators has become extremely overbought, making a pullback almost inevitable in this situation. I must say, the signs of continuous outflow of main funds are too apparent; it’s hard for the market not to decline!
Here’s an important reminder: The large transaction indicators have accurately exposed the main force's movements, and the signals for a trend change are becoming clearer. Do not blindly chase after the rise anymore! The short-term bearish sentiment is strong, and the risk of a pullback is intensifying; those holding positions should be prepared to respond.
When to enter, when to exit? How to catch strong coins? What should the profit-taking be set at? Thirteenth Aunt will inform fans first on the luxury skirt; as long as you follow my thinking and execute what I say, you will definitely profit!
