BTC is no different from Wall Street toys now; even a casual remark from Trump can pump the price. Technical analysis? It's of no use! Whales can draw the lines however they want, and the candlestick chart is just a doodling board for the retail investors.
Currently, BTC at the daily level: a significant breakout above $100,000 with MACD gaining momentum, looking like it can push higher. The overall trend has indeed reversed, but chasing the price now is like looking for death; spot traders are advised to take profits at 80% for safety. Support at $100,000, resistance at previous highs.
At the hourly level: starting to show weakness, MACD has crossed negatively, indicating an obvious pullback is due. But the whales are too cautious to short, fearing a reverse spike. However, market rules state that when everyone is afraid to short, a crash is imminent!
At the weekly level: a rise on decreasing volume, the higher it goes, the greater the risk. Although the long-term trend is upward, without a pullback, it’s best not to enter the market! Support below at $89,000, resistance above? The vast universe, whatever the whales say goes! The current market punishes all forms of disbelief, and the whales specifically target all kinds of beliefs!
