The Eve of Market Explosion: Three Nuclear Bombs About to Detonate, Destiny on the Edge of a Cliff!

The market is currently on the verge of exploding!

Bitcoin has fallen from its peak of $93,000 in April, and the current price is being suppressed by the 60-day moving average, as if it is being held down and unable to breathe. Despite the weak market, large institutions are secretly positioning themselves, with BlackRock's IBIT ETF making continuous large purchases, accumulating $5.4 billion in Bitcoin-related assets, indicating a strong inflow of capital.

Next, three nuclear bombs may ignite the market:

First Bomb: Federal Reserve Decision

Although the Federal Reserve will not raise interest rates on Wednesday, Powell may release hawkish signals, potentially causing the crypto market to drop another 3,000 points.

Second Bomb: Movements of U.S. Tech Stocks

A strong performance by the Nasdaq could boost the crypto market rebound, breaking through the $100,000 mark.

Third Bomb: BlackRock’s Large Acquisitions

If BlackRock continues to buy tonight, it means the market is about to rally, and retail investors can only watch as the main players profit.

In addition, China's economic data continues to drag down the market, with import and export data and CPI/PPI figures falling short of expectations, putting pressure on the yuan exchange rate and further exacerbating market uncertainty.

Market Direction:

In the short term, $95,000 is the line of life and death. If it falls below $94,400, it could plunge rapidly down to $90,000. The technical analysis has formed an M-shaped pattern, and if it breaks down further, it may trigger a significant drop to $89,000. The short positions in the futures market are rising, and the market is full of uncertainties; those who can withstand the pressure will be the ones who smile in the end!

This storm is destined to allow large institutions to harvest wildly, while retail investors can only struggle amidst the fluctuations.