Large funds collectively retreat, short-term danger signal at $BTC is fully lit!
The data from the last 12 hours is chilling—main funds are fleeing like crazy, with a sell-off amounting to $575 million, while the buy orders only amount to $336 million, resulting in a net outflow of nearly $240 million, with the sell volume almost 1.7 times the buy volume!
Even more exaggerated, last night the market suddenly saw two super large sell orders exceeding 200 million RMB, directly pushing short-selling sentiment to a peak, with the signal of 'the wolves are coming' becoming increasingly obvious.
From a technical perspective, the KDJ indicator has formed a dead cross at a high position (when this thing appears, there’s a 90% chance of a short-term correction), and although the price is still above the 24-day and 52-day moving averages, the trading volume has halved to 47%, making the market as cold as an Arctic glacier.
What does this indicate? Retail investors and institutions are hesitant to act easily, everyone is waiting for direction, and the tug-of-war between bulls and bears has reached a fever pitch.
Personal opinion: This round of correction may not be over yet, so everyone should fasten their seatbelts! Although the long-term trend hasn’t collapsed for now, once the short-term moving average support is broken, the psychological barrier of $100,000 is likely to be unable to hold.
Right now, the market is like a patient with blood drained, with main funds retreating + technical indicators double kill, anyone who blindly tries to catch the falling knife is just asking for trouble.
Mr. Feng believes: Don’t rush to catch the falling knife! If the price can stabilize at $103,000 (referencing recent support levels), maybe there’s still a chance to breathe.
But if it can’t even hold $100,000, levels below $97,000 or even $92,000 could become new battlegrounds. Remember, you must survive to see the bull market; it’s better to miss out than to be buried halfway up the mountain.
In the upcoming layout direction, an expected space of over 10 times is not a problem, like + comment, and let’s layout the entire bull market together!
