Bull and bear battle! BTC main players secretly accumulating, short-term trend reversal imminent
From the recent 12 hours of large transaction data, the long and short main funds are basically even—buying 17.84 million, selling 17.03 million, with a buy-sell ratio close to 1:1, indicating a clear divergence in the market at this position. However, the latest market buy order of 2.82 million is a key signal, showing that some main players are still taking advantage of the fluctuations to accumulate at low levels.
Technically, cautious signals are being emitted in the short term. Although the price remains above the EMA24/52 moving averages, the KDJ at the hourly level has formed a death cross and entered the overbought zone, showing signs of diminishing upward momentum. What is even more concerning is that the candlestick has formed a "double top" pattern, which is usually a warning structure for a short-term peak, combined with the large market sell orders appearing on the market, indicating that resistance above $92,000 is becoming evident.
The market is at a crucial balance point. The balance of large funds means both long and short sides have deployed heavy troops, and a short-term directional choice is about to arrive. The technical divergence at the top and resistance patterns suggest that the possibility of a pullback or a consolidation is increasing.
However, some main players are still buying amid the divergence, laying the groundwork for the mid-term trend after the fluctuations. In simple terms, the short-term outlook is for a consolidative pullback, but the accumulation behavior of the main players at key price levels indicates that the foundation of the mid to long-term trend has not been shaken. In terms of operation, this position is not suitable for chasing highs; it is better to wait for key support levels after the pullback to make arrangements.
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