Will the 6703549886274166817023 take off or slide next?

Bitcoin and Ethereum are performing a "life-and-death speed" dance, with the current price stuck at a critical resistance zone, much like testing the edge of a pressure cooker.

The $95,892 area for BTC is stacked with positions from before the crash in March this year; this spot caused $30 billion in long positions to evaporate last year.

The $100,000 mark above is like a chasm that needs at least $5 billion in buying pressure to break through.

Ethereum's $1,985 is a recent dividing line between bulls and bears; this level triggered a 15% sharp drop on April 25.

Further up, $2,020 is the turning point between bulls and bears; breaking through here could trigger programmatic buying. However, current on-chain data shows that whale addresses are quietly reducing their holdings, and the net inflow to exchanges has surged by 42%. This divergence is like the countdown of a time bomb.

The current market hides three deadly signals: Bitcoin futures short positions hit an all-time high.

The proportion of put options in the options market has risen to 47%; miner selling pressure continues to increase.

If both of these cryptocurrencies break through critical support at the same time, it could trigger a domino-style sell-off.

But if they can break through with volume, it would be like giving the market a booster shot, possibly shooting directly towards $100,000 and $2,050.

It is suggested to closely observe the two "life-and-death lines": BTC's $95,892 and ETH's $1,985. Watch for whether trading volume expands to 1.5 times the prior day's volume when breaking through, and monitor whether the MA12 moving average can hold during a pullback.

The current market is like walking a tightrope; both chasing highs and selling lows can easily lead to falls. Maintaining half a position and waiting is the best strategy.

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