[The death trap behind the 'explosive growth' on May Day: Bitcoin soared 3000 points, but the real harvesting has just begun!]
Holidays were originally a time for retail investors to relax, but they have been carefully chosen by the main players as the best time for hunting.
Just when you raise your glass to celebrate, Bitcoin skyrockets from 94000 to 97000, a 'gorgeous bullish candle' breaks the stalemate, seemingly announcing the start of a new bull market, but in reality, it’s a complete 'visual feast' + 'emotional harvesting'.
On the surface, it’s soaring; behind it lurks deadly traps.
Don't be fooled by that dazzling big bullish candle. The trading volume remains low, essentially indicating a volume-less rise, a typical 'inflated rise'. The main players use a hook punch to lure you into chasing the highs, then quietly distribute their holdings at high positions, waiting for the last buyer to enter—the game has truly begun.
96500 is the gravitational point of a trap for luring in buyers.
This is both the battlefield for bulls and bears and an area dense with large amounts of trapped positions from three months ago. The operators are frantically passing the buck here, throwing high position chips to the 'last baton' pushed up by emotions. You think it’s an opportunity, but it’s actually the prologue to being trapped.
The technicals have long warned in advance:
MACD red bars are rapidly shrinking, indicating that bullish momentum is gradually weakening;
93000 support has already been in emergency three times. Once it breaks down, the chain reaction of panic selling could trigger a market sentiment bomb!
Ethereum: The underestimated 'gentle killing game'
The situation with Ethereum is even more insidious—there is no explosive eruption like Bitcoin, but it uses the illusion of 'steady with a hint of bullishness' to lure you in.
The seemingly stable 1780 is actually a gentle trap set by the main players. The upper 1850 area is densely packed with long-held positions, and any slight rebound is suppressed by the bears. The weekly structure is still in a downward channel, and the optimism in the market is just an illusion.
You think they give you hope, but in reality, it just facilitates the next round of harvesting.
The real test comes after the defense line is breached.
Bitcoin 96500, once breached, there will be no safe grounds to hold;
Ethereum 1780, if breached, will trigger a wave of programmed sell-offs.
At that time, whether you are an old hand or a new player, you will be pulled into the abyss and become cannon fodder.
Advice for those chasing gains:
The market has never lacked 'trends'; what it lacks is people who can see through the situation.
The more the entire network seems bullish, the more you need to be wary of the final strike from the hidden hand. High positions are not a battlefield; they are a cliff!
Advice for those who are trapped:
Don't panic! Staying calm is the key. Emotional stop-losses are the biggest losses. Analyze the structure, control your positions, and keep your bullets ready for a chance to rise again.
In this battlefield of cryptocurrency that seems full of opportunities, but actually hides deadly traps,
The real survival rule is not greed, but to understand the situation, avoid traps, and strike cautiously!
May every brother be able to traverse the fog, maintain their emotions, and protect their principal.
