Afternoon BTC Analysis
1. Price Movement
- Price dropped sharply from intraday high of 74246.2 to low of 69421.1, then oscillated and consolidated in the 69500–70200 range, showing a typical weak recovery pattern after a sharp decline.
- On the 15-minute level, after a long bearish candle, multiple small candles formed a sideways pattern, indicating bulls have temporarily lost momentum and bears remain dominant.
2. Funds & Sentiment
- Net capital outflow of -1.157 billion, open interest of 6.246 billion, indicating panic selling and some capital exiting for risk hedging.
- Bearish Strategy:
1.
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