🔄 Update: BTC/USDT and Persistent Selling Pressure
Over the past 24 hours, the BTC/USDT market has seen continued selling pressure, with a negative money flow of -1,688.8315 BTC.
This trend indicates that large investors continue to liquidate positions, which could lead to a price correction if not enough demand emerges to balance the selling.
If this selling pressure eases, the market could take different paths:
Price Bounce 📈: If buyers take advantage of lower prices, we could see a bounce in the value of BTC.
Consolidation Phase 🔄: If the market stabilizes, the price could oscillate in a narrow range as investors evaluate their next strategy.
Further Declines 📉: If strong support is not found and lack of demand persists, the price could continue to fall.
Volatility ⚡ remains a key factor, and any change in market conditions could trigger significant movements in the short term. Therefore, it is crucial to keep an eye on upcoming developments to anticipate the future direction of the market.
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