Is BTC stuck at the 96k threshold playing "constipation-style oscillation"?
Bitcoin has been like a drunken person stuck in an ATM from last night to this morning, fidgeting around the 96,000 dollar mark and unable to pull out a big bullish candle. The recent moves by the market makers can be described as "Russian nesting dolls"—pushing up to 97k only to hit a hard ceiling, while stepping down to 95k is also blocked by a steel plate. The entire market feels more entangled than three days of constipation.
BlackRock's ETF stealthily increased its holdings by 7,000 bitcoins, which on the surface looks like institutions are starving ghosts reincarnating, but the perpetual funding rate on Huobi skyrocketing to 0.12% directly exposes the truth—contract traders are collectively gambling on breaking 100k, clearly setting the stage for retail investors to eat the "reverse hot pot". The MACD white line is lying dead underwater, and the RSI is stuck at 65, neither alive nor dead; technically, it looks like a high-level hanging man, and the smell of liquidation is wafting through the air.
Focus closely on the Fed's release at 2 AM; if Powell dares to make a hawkish fart, the 95k paper-thin support will turn into a waterfall jump-off in an instant. Miners have already dumped 18,000 coins in the past two days, coupled with the opening of US stocks, and the market makers are holding the nuclear button, ready to detonate at any moment.
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