A new month has begun, wishing everyone a happy Labor Day! The market is improving! May will be prosperous! Everything you buy will rise! Everything you short will fall! Everyone should pay attention to Analyst Chao, click to follow.
Flowers have their blooming period, and people have their fortunes. Don't envy others for having what they have in advance; their success is also a result of their extraordinary efforts. You must remain calm, work quietly, and your time will eventually come.
In the past three days, the delta of BTC spot trading volume (7-day moving average) has sharply declined, indicating increased selling pressure:
🔻April 27: Down $30.9 million 🔻April 28: Down $76.1 million 🔻April 29: Down $193.4 million
The ongoing downward trend suggests that the market is currently dominated by sellers. Weakened spot demand may indicate profit-taking, buyer fatigue, or an early stage of a trend reversal. However, Bitcoin has not yet broken support, and the subsequent potential movement could be an upward false breakout that triggers short stop-losses before a thorough downward break.
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Trading Update: Selling Pressure on the Rise 📊 The latest order book data for ALPACA shows:🟢 Large Orders: 233.10M bought vs. 292.39M sold (-59.29M outflow) 📉🟢 Medium Orders: 523.39M bought vs. 547.63M sold (-24.24M outflow)🟢 Small Orders: 270.37M bought vs. 293.27M sold (-22.89M outflow)Total: 1.027B bought, 1.133B sold, with a net outflow of -106.43M 😬#AbuDhabiStablecoin #BinanceAlphaAlert