5.14 BTC shocking flash crash, the sharp decline is an opportunity, after being blocked and pulling back, wait for consolidation to continue the upward trend.
In the past 12 hours, large transaction data shows a net outflow of 12.06 million from the main force, with total sales amounting to 108 million, which clearly suppresses the price. The latest 3 large market sell orders were densely sold around 101,000, totaling over 3.6 million, indicating that the main force is accelerating its exit. Combined with the current 2-hour candlestick showing a bearish engulfing pattern, and the MACD diverging below the zero line, it further verifies the downward trend. The price has fallen below the support of the EMA24 and EMA52 moving averages, and the downward space may further open up. In the short term, one needs to be wary of continued pullback risks. When local geopolitical conflicts are intense, market panic rises, and safe-haven demand increases, Bitcoin, as 'digital gold', will benefit in the short term: however, when peace signals are released and risk appetite returns to the stock market, Bitcoin will face 'profit-taking' just like gold. This is not a bad thing; it’s a manifestation of asset attributes. In other words, Bitcoin today is no longer a 'speculative currency against the government', but a top player 'included in global asset allocation'. Its trend has long been tied to macro pricing—this is the cost of entering the mainstream, as well as the moat for its future market value to continue rising. Positive news landing is a short-term negative; it is merely a technical pullback. On-chain data has long provided a preventive measure: against the backdrop of a 24% increase over the past 30 days, new buyers are strong, but momentum funds are starting to weaken, and short-term profit-taking must inevitably occur. Financing rates have also long exceeded standards, with long positions leveraged high, and after a short squeeze, a washout is naturally needed. Yesterday morning's sharp decline script was a textbook 'risk control action before the CPI data release'.
Operation Suggestions:
BTC 102000 go long, first target 104000, second target 106000
ETH 2480 go long, first target 2580, second target 2680