April 12th $BTC Sideways Trading Password: Dog Dealer Locks 84,000 Just for Leveraging?
Sideways trading is not lying flat; it’s the dog dealer counting chips under the table—83,000 is the threshold; if kicked open, it’s a golden house; if not, it’s a guillotine!
1: Market: 83,000 Becomes the Bull-Bear Meat Grinder
1. This morning at 82,900, after opening, the dog dealer pulled up to a high of 83,536 in 15 minutes and then smashed back to 82,850. This technique is consistent with the March 20 wash trading routine. Now the price is stuck between the middle band (80,746) and the upper band (85,726) of the Bollinger Bands, which is like stepping on a spring bed reaching for the ceiling; a 0.6% amplitude clearly indicates the main force is controlling the market.
2. The key is watching the resistance at 84,300, where institutions buried their short positions last December, and it hasn’t been cleared yet. However, on-chain alarms are ringing—after 3 weeks of silence, the giant whale address “18XQf9” suddenly swallowed 5,600 BTC, which is hungrier than MicroStrategy's accumulation in February.
2: News: Miners Dumping vs. Institutions Supporting
1. This morning, a miner dumped 8,000 BTC on Binance, but it was quickly gobbled up by three mysterious wallets; the on-chain transaction speed was faster than McDonald's fries coming out. I’m familiar with this script: In January 2024, Bitfinex played this trick of “fake dump, real accumulation,” dumping shorts and then pulling back 15%.
2. Now Grayscale ETF holdings are increasing rather than decreasing, and BlackRock's fund pool has been draining for three consecutive days. Does the dog dealer dare to smash it below 80,000? I bet he can’t bear to!
3: Operation Guide
1. Breakout Script: Stand firm at 84,000 and blindly go long, stop-loss set at 83,000, target aiming directly at the upper Bollinger band of 85,726.
2. Sudden Drop Script: Buy the dip around 81,500 (20-day moving average + chip peak), if it breaks below 80,000, accept defeat.
3. Sideways Script: Hold the bottom position and watch the show, open a position when the amplitude < 1% = delivering takeout to the dog dealer.
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