$BTC Evening Analysis, Why Did It Surge All of a Sudden?
Attention everyone! Bitcoin has surged from 83000 to 96000, a rise of 13,000 points looks intimidating, but it actually conceals dangers. At the level of 96500, there are massive short positions buried, like betting wildly in front of the dealer at a table; whoever takes the last bet is the one who gets burned.
Look at how eerie this surge is? The weekly chart shows a big bullish candlestick, but the trading volume has shrunk like a deflated ball.
The most vicious part is in the death zone between 95000-96000, where brothers who were trapped three months ago are still standing guard. The dealer is currently playing a game of musical chairs.
Remember two critical signals: First, the daily MACD red bars are shrinking faster than retail investors can run, and second, the support level at 93000 has been pierced three times, which could trigger a long liquidation at any moment.
As for Ethereum, don’t be fooled by its bullish candlestick! It is still struggling within a downward channel at the weekly level, like a wild dog caught in a trap.
Those shouting "Ethereum reversal" seem to have forgotten that brothers trapped at 1850 in April are still crying. Now, the position at 1780 appears stable, but it actually hides secrets— the dealer has filled the area above 1850 with short positions ready to harvest.
Key focus on two positions: Bitcoin at 96500 and Ethereum at 1780. If these two levels can’t hold, it will trigger automated sell-offs.
Remember, the market is like a pressure cooker, it could deflate at any moment. Those chasing the rise, be careful not to be blown away and lose everything!
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