$BTC Looking at this BTC price chart, I can't help but break into a cold sweat.

This market action really makes my palms sweaty. The MACD golden cross just popped up, and the KDJ indicator on the 4-hour level is stuck around the 50 midline, looking like a short-term bottoming signal at first glance.

But if you take a closer look at that trading volume bar, the volume clearly can't keep up during the rebound, and the price is lingering around the previous high of $102,500, like a drunk man swaying at the edge of a cliff—below is the support platform at $101,700, and a fall would mean a bottomless abyss.

I'm staring at that suggested long position at $101,719, feeling uneasy. The main force has precisely set the stop-loss at the integer level of $101,000, clearly aiming to sweep away retail investors' stop-loss orders.

Now this position can't break through the weekly pressure level of $103,300, and it’s also stepping on the thin ice of the 30-day moving average below. The whole market feels like a fully drawn bowstring, ready to snap at any moment.

The green gains of the Nasdaq index make me even more anxious, knowing that BTC's correlation with US stocks has recently strengthened by three percentage points. If the US stocks take a plunge in the middle of the night...

In this situation, I’d rather slap myself twice than touch the contracts.

Those colorful lines on the chart look more and more like traps. The main force is clearly playing the “wolf is coming” trick—MACD golden cross lures in buyers, while volume and price divergence hides the dangers.

Look at that 15-minute OBV energy wave; when the price bounces up, funds are secretly slipping away. This is obviously big players luring in buyers while offloading. If I really feel the urge to open a position, I’d rather wait for the price to firmly stabilize above $103,500 before chasing, or simply wait for it to break through $101,000 and exhaust the stop-loss orders before buying the dip.