The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

When it comes to Bitcoin buying and selling, many investors still don't understand what it means. For ordinary investors, everyone usually looks at some market data before trading, and the data of Bitcoin buying and selling can be said to be the most basic performance element in the K-line chart. Buying means actively buying transactions, which is the external market, while selling means actively selling, which represents the internal market. In fact, this internal and external market cannot truly reflect the power of the buying and selling orders, because the buying volume and the selling volume of the transactions must be equal. Many investors still don't know how to read the Bitcoin buying and selling orders? Let the editor of the currency circle take you to learn how to read the Bitcoin buying and selling orders.

 How to read Bitcoin buying and selling orders?

Market order:

The market language is the form of speculators on the market every minute and every second, and it is also the game between the long and short parties participating in the currency at that time. It mainly includes pending buy orders, pending sell orders and the latest transaction orders, as well as the number of each price, which is clearly reflected on the market.

This is the market of WEN. The selling orders above are from sell 1 to sell 12. The price and quantity of each transaction are very clear, and the same is true for the buying orders below. The latest transaction on the right also reflects the time, price and quantity of each transaction. The red one is selling and the green one is buying.

Pay attention to the depth above. Click the triangle at the back to adjust the depth. There are three standards: 0.01.0.001.0.0001. 0.01 means that the price displayed on the market is only two decimal places, which means the depth at the price of 0.01, which is also the maximum depth that can be reflected at present. 0.001 is three decimal places, and 0.0001 is four decimal places. You can click it and observe it yourself.

K-line | Depth in the upper left corner, the system defaults to displaying the K-line chart. Click the depth to display the comparison of the number of selling and buying orders. The left one is buying, and the right one is selling. Through this depth chart, it is clear at a glance whether the selling volume is large or the buying volume is large.

Click on the depth, the candlestick chart will be changed to the depth chart. The green on the left is the buy order, the red on the right is the sell order, and the bottom row of numbers is the price. The higher the sell order price, the greater the accumulated volume. The same is true for the buy order. The lower the price, the greater the accumulated volume of buy orders.

The current software is very mature. Almost every currency dealer has a robot, and the exchange also has its own robot, which is the order-brushing software. People often ask in the WeChat group what the continuous appearance of small transaction orders means. Some people say that it is a signal from the dealer to pull or smash. In fact, this does not mean anything. It is just that the machine is brushing orders to prove that it is working. It is not that complicated.

 How to distinguish between Bitcoin buy and sell orders

The internal market refers to the number of active sales transactions, that is, the number of transactions when the seller actively places an order to sell stocks at a price lower than or equal to the current buy one, buy two, buy three, etc., and is displayed in green. The amount of internal market shows the size of the short side's eagerness to sell. The external market refers to the number of active buy-in transactions, that is, the number of transactions when the buyer actively places an order to buy stocks at a price higher than or equal to the current sell price, sell price, sell price, etc., and is displayed in red. The amount of external market shows the size of the number of long parties eager to buy.

I hope that investors can learn to read the Bitcoin buy and sell orders through the above article. Just recently, the sharp drop in the Bitcoin market can be said to be beyond the expectations of many investors. The currency circle is like this, always full of many uncertain factors. In fact, from the perspective of the market, the sharp drop in the currency circle this time can be analyzed from three aspects: long-term, medium-term, and short-term. The long-term reason is the Fed's interest rate hike and balance sheet reduction. The medium-term reason is that under this general trend, many problems with weak foundations are highlighted, and the short-term reason is the thunderstorm incidents of UST and Luna. This is the case in the currency circle. As long as there is a slight disturbance in a project, the entire market will be extremely panicked.