Aicoin: BTC fluctuations are imminent, and the $121 million pending order wall may indicate a new trend

In the past week, CEX’s main spot sellers have sold a total of US$356 million in BTC, with a net sales of US$63.92 million.

As of press time, there are still US$121 million in pending sell orders, with bets on the range of $71,000 to $73,800. Among them, Coinbase’s main sell order in the range of $72,000 to $73,500 has lasted for more than 3 days and 22 hours, which is very worthy of attention.

At present, the MACD short volume column has begun to shrink, and the yellow and white lines are showing signs of turning. Focus on the highest chip transaction price of $70,676 (the pressure level). If the MACD golden cross follows and the price successfully breaks through the pressure level, BTC is expected to hit $71,000 and the main force above again. Betting on the range, if the yellow and white lines fail to cross the zero axis, you need to pay attention to the support below $69,150 and $68,000.

Special reminder: BTC is trading sideways at high levels. To prevent unexpected changes, please be sure to control risks. The data is for reference only.