$BTC on 2h chart analysis
【BTC Main Force Movement: Large Selling Returns in 2-Hour Cycle, Beware of Short term Downward Risks】
In the past 12 hours, large transactions showed a net outflow of $30.64 million from the main funds, of which the total amount sold was as high as $47.05 million, with a buy to sell ratio of 1:2.87, showing a clear short selling trend. Especially with two consecutive large market price sell orders exceeding $5.9 million at 16:40 on the 20th, the price was directly suppressed to below $118000. Combining with the latest K-line pattern, a cross star has appeared, and the market direction is brewing a reversal.
The current price is below the EMA24/52 moving average, and with large transaction data, the downward trend may continue further. Want to capture the main trend in the first time? By opening a membership, you can track every large transaction of over $500000 and accurately grasp market turning points!
The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.#CryptoMarket4T
