Analyst: The rebound of BTC stops at the support level, with major institutional orders showing their stance
2026-08-12 17:23:00
According to CoinMeta, based on early data of in, after the rebound of BTC came to an end, it retreated back to the support range of $63,600 to $63,400. Last night at 19:03, a Pro update indicated that for a 45-minute period, attention should be paid to the upper pressure range of $64,500 to $64,800 and the lower support range of $63,600 to $63,400 for BTC. Currently, there have been two large orders by major traders, each amounting to approximately 200 BTC, totaling 25.4 million US dollars. Moving forward, it will be important to monitor whether these two large orders are actually executed, as this may affect the short-term trend, in conjunction with the "Major Orders Tracking" indicator.
Source:Internet
This content is for market information only and does not constitute investment advice.
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