Bitcoin this week's life-and-death warning:
First, the conclusion: I am bearish this week! Five critical points explained:
Wednesday GDP bomb → Thursday PMI → Friday Non-farm payroll + unemployment rate three consecutive explosions, now big funds are looking for shelters, no one dares to pump the market and get killed at this time.
95000-96000 is the graveyard for retail investors! The trapped positions from last year are all waiting to break even and cut losses, with every 1% increase in price there is a selling pressure of ten thousand tons.
• Whale mass exodus: On April 25 when the price touched 94000, big players holding over 10,000+ BTC collectively withdrew and ran away.
• The faith faction is beginning to rebel: even the die-hard fans who bought the dip during the decline are now dumping their holdings.
Both bulls and bears are lying flat! The open interest and funding rate resemble a dead fish, indicating that the market makers have lost the desire to cut retail investors — this is the calm before the storm.
The fear index surprisingly hasn’t exploded? This indicates that the old foxes have already hidden in the basement, and now the market is full of tender lambs waiting to be slaughtered.
This week is very likely to follow the "data kill" route: any slight movement in economic data, first crashing through 90000 to offer sacrifices, in extreme cases directly killing down to 85000 to wash out the contracts. Those wanting to buy the dip should wait until Friday's data is released before taking action; entering the market now is equivalent to giving bullets to the market makers!
