Bitcoin is doing 'sit-ups' at 103,000 today, but the eye of the typhoon might just be tonight!
Three key signals: Battlefield traces of the bulls and bears fighting
1. 10-day moving average: The last dignity of the bulls
The price is firmly stuck at the 'moat' of 103,000, like a security guard blocking unruly thugs. The beauty from webpage 1 also said, as long as this line holds, the bulls still have a breath. But brothers, take note, although the EMA on the adjacent webpage 2 is diverging upwards, the trading volume has shrunk like it's being choked, and the market's wait-and-see sentiment is thick enough to squeeze out water. What does this indicate? The bulls are currently relying on faith, and if any negative news comes, the security guard will be swarmed in no time.
2. Bollinger Bands: Holding a big move waiting to be released
Currently, the Bollinger Bands are compressed flatter than an Oreo, a definite 'calm before the storm.' Once this thing opens up, it will either rocket into the sky or plunge like a diving champion. Analysts from webpage 5 also mentioned that if the middle line of the Bollinger Bands breaks below 99,000, it might slide directly to 95,000.
3. Buy-sell tug of war: 103,500 is a 'steel plate'
Right now on the chart, the sell orders at 103,500 are harder than Iron Man's armor, while the buy orders at 102,500 are as frantic as a granny snatching eggs. In this tug of war, either wait for big funds to smash through the floor or wait for the manipulators to break through the ceiling. Data from webpage 4 shows that 100,000 to 98,000 is a historical psychological support level; if broken, it might directly rush to 95,000, but if it stabilizes at 104,000, the bears will have to queue on the rooftop.
Bottom-fishing/Top-ticking: Don’t be a fool
The points given by the beauty from Liying are quite practical: buy in batches at 101,000 and 100,000, short at 104,000 and 105,000, with a stop-loss set at 500 points. But brothers remember, don’t shout 'bull' as soon as it rises and 'bear' as soon as it falls; the crypto market changes faces faster than a Sichuan opera.
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