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Bitcoin Shows Signs of Short-Term Downtrend Amid Heavy Selling Pressure
In recent trading sessions, Bitcoin (BTCUSDT) has experienced significant selling pressure, with a 1-minute trading volume of approximately 16.086 million ₮, dominated by sell orders accounting for about 82% of the volume. The price has decreased slightly from 112,670.43 to 112,420, reflecting a 0.2% drop. Over the past 24 hours, Bitcoin's price has declined by roughly 0.81%, and over the last 4 hours, it remains nearly flat with a negligible decrease of 0.01%. The overall 24-hour trading volume stands at approximately 1.283 billion ₮, with buy orders constituting about 43% of this volume, amounting to roughly 556.990 million ₮, while sell orders make up over 57%, around 726.092 million ₮.
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AI Analysis
The recent data depicts a scenario where Bitcoin faces prominent selling pressure within very short time frames, such as the 1-minute and 15-minute windows. The dominant sell volume suggests that trad...
AI Recommendation
Given the current heavy selling volume and slight price decline, it may be prudent for traders to exercise caution. Short-term traders might consider reducing exposure or tightening stop-loss levels t...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.