$1000CAT Hidden Turning Point Killing the Chicken
In the early session, 1000CAT repeatedly pierced the range of 0.0123-0.0134, with 6 doji candles forming on the 5-minute K-line. The MA5 line briefly crossed above the MA10 before being pressured back down to below 0.0130. The Bollinger Bands have contracted to historical extremes, with the upper and lower bands narrowing to the 'blade channel' of 0.0131-0.0133. Currently, the volume bars have shrunk to the lowest level of the week, and the MACD has formed three false golden crosses below the zero axis. The main force's high-frequency washing of positions is evident through contract orders. If the weekly support at 0.0125 is broken with volume, the gap below at 0.0108 will become a bearish target.
On-chain dynamics show that the 1000CAT team has reached a liquidity pool cooperation with Balancer V2 today and plans to launch a 3x leveraged mining module next week. However, the 1.02 trillion CAT airdropped to Binance HODLers will be unlocked within 24 hours, potentially suppressing bullish momentum. The Huobi liquidation heatmap shows 32 million USDT long positions stacked above 0.013 and 29 million USDT short positions lurking below 0.012, creating a two-way liquidation trap.
From an operational perspective, it is advised that spot investors avoid the consolidation range. After the CME Bitcoin futures settlement, the main funds may launch an attack taking advantage of the liquidity vacuum in altcoins, with a focus on unusual movements in the latter half of the U.S. trading session.
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