#数字货币市场洞察 $BTC This trend is already very clear from a technical perspective.

On the daily chart, there are three consecutive bearish candles, forming a standard "Three Black Crows" pattern. Combined with the KDJ indicator showing a death cross in the high zone, this kind of resonance signal usually means that short-term momentum is exhausted. Even worse, the price is now being suppressed by both the 24-day and 52-day moving averages, and every rebound appears very weak.

Looking at the capital flow side, the data from the past 12 hours is quite interesting—net outflow exceeds $6 million, with the buy-to-sell ratio close to 1:1.7. This ratio indicates a clear lack of buying strength. Especially notable are several large concentrated sell orders within an hour, each over the million mark, totaling more than $4 million, directly breaking through the key 91,200 level.

Large capital movements are often more direct than technical indicators. All current signals are pointing in the same direction—bears have absolute dominance. The market is searching for a new equilibrium, and before a clear reversal signal appears, it may take more time to confirm a true bottom. Short-term technical rebounds do not change the overall structure, so caution is needed in operations.

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