In the past 12 hours, the BTC market has seen notable capital movement, with institutional large orders amounting to $241 million in purchases, while sales only reached $124 million, resulting in a net buying volume of up to $117 million. Particularly noteworthy is the $45.28 million large order transaction that occurred at 12:36 AM, indicating that capital is strategically positioning itself at critical price levels.

Although the short-term chart shows a three consecutive downtrend, the consistency at the bottom of the candlestick indicates that there is support strength below. In terms of technical indicators, the KDJ has entered the oversold area, which is usually a precursor to a potential market rebound.

However, there are also potential risk factors in the current market. The trading volume has decreased by more than 50% compared to usual, which indicates a lack of following power in the market. Even if the main funds push the price upward, it may be difficult to maintain long-term upward momentum.

In such a complex and ever-changing market environment, it is crucial to avoid blindly chasing highs and cutting losses. Investors are advised to focus on the combination of fundamental factors and technical indicators to make rational judgments about market direction. Recent CPI data and other macroeconomic indicators will also have a significant impact on short-term market trends.