The big cake faces a life-and-death situation tonight!
92,000 is the point where bulls and bears are wrestling, and the market is so quiet you can hear a pin drop— the 30-minute chart seems to be welded between 94,000 and 92,000, and trading volume has been halved compared to expectations, this isn't just retail investors sleeping, it's the big players holding back a big move!
Now three key signals are flashing red: the MACD indicator's death cross with green bars continuing to expand, the 5-day moving average is being pushed down by the 10-day line, and the market feels like it's being choked by the bears.
What’s worse is a mysterious large player stuffed 5,000 bitcoins into the exchange this morning, which is basically a warning for a high-altitude throw in the crypto world.
Tonight, Fed Chair Powell's speech could deliver another blow, with a 70% interest rate hike expectation making the dollar eyeing its prey, and the 92,000 support line now feels as flimsy as paper.
Don’t be fooled by the bullish calls in the contract market; the more optimistic people are, the more caution is needed— the market makers love to flip the table when everyone is feeling good!
Now focus on two critical positions: if it falls below 92,000, a waterfall drop is highly probable; if it can hold 94,000, there’s a chance for a counterattack.
Remember, trading volume doesn’t lie, and right now the market is unusually quiet; the calmer it is before the storm, the more shocking the noise will be when the table is flipped. Tonight could either see an incredible comeback or a high-altitude diving performance.
I am Bohu, need help? Top team support, only serving those with vision and ambition! Serious inquiries only.
