Danger signal! The main players are crazily offloading, tonight will be a sleepless night!
Brothers, something big has happened! The data I just saw gave me chills — in the past half day, the market $BTC actually saw a net outflow of nearly ten million dollars, with main funds fleeing faster than rabbits! Especially at 4:55 PM and 5:39 PM, there were multiple sell orders above a million in quick succession.
Right now, the 1-hour K-line has formed a typical 'top distribution' structure, indicating that the short-term upward momentum has basically been extinguished. Worse still, the KDJ indicator has crossed downwards, and the MACD red bars are continuously shrinking. These two technical signals are simultaneously issuing warnings: the bears have completely taken control of the situation.
Although the price is temporarily stuck above the EMA24 moving average, this is purely a death struggle! Because there is fundamentally no funding support for following the trend, each rebound is easily pierced like a paper wall. My judgment is very clear: the main players are crazily offloading during the rebound, and it is very likely that they will test the key support level below again.
Now, any rebound is an opportunity to reduce positions! Unless a signal of a significant breakthrough of the key resistance level appears in the short term, do not easily try to catch the bottom.
For those who haven't gotten on board yet, don't worry, I will provide specific locations in the chat room later. Don't just guess blindly, seize the opportunity.
