What is the truth behind last night's waterfall? Can we still see the mountain top?
Attention all brothers! In the past 12 hours, BTC's main force has sold over 60 million dollars, and the market shows obvious bearish signals.
The most concerning event occurred on April 30 at 20:36, when three market sell orders totaling 15.95 million dollars directly broke through key support levels. This tactic resembles the main force aggressively dumping at high prices.
The short-term moving average system is forming pressure, the MACD red bars are shrinking rapidly, and the KDJ indicator is showing a dead cross at high levels.
More critically, the trading volume has shrunk to 43% of the daily average, indicating a severe lack of market support.
The current price is fluctuating in the 93,000-95,000 range, but every time it rebounds near 95,500, it encounters mysterious selling pressure, which is clearly the dealer controlling the market.
The 93,000 defense line has been broken three times consecutively, with 91,000 below acting as a strong annual support; above, 96,000 is piled up with large amounts of trapped positions, and a breakout would require at least three times the current trading volume.
The dealer is laying a large short position above 96,000, and as soon as the price rebounds to this level, it will trigger programmed selling.
For the medium to long term, it is recommended to observe and wait for the daily MACD to form a bottom divergence before considering any action. Right now, market sentiment is like the calm before a storm, hiding peril beneath the surface.
Are you trapped? When to buy the dip? As always, if you feel lost and helpless and don’t know what to do, leave a comment. I need fans, and you need references.
