$BTC 10.5W Fluctuation: Opportunity or Pitfall? The actions of the giant whale on-chain reveal the countdown to a market reversal!
In a bull market, long bullish candles prevail, while in a bear market, aggressive sell-offs dominate. However, today’s BTC has turned the four-hour candlestick into a 'heartbeat monitor' — a fierce battle between bulls and bears, with retail investors trembling under the control of the big players!
1. Market Overview: Abnormal data hides secrets!
Current BTC price is around 103,000 USD, and the moving average system reveals 'strange signals':
The short-term moving average MA10 and the medium to long-term moving averages (MA50, MA60) are concentrated in the 92,000-93,000 USD range, which seems bullish;
However, the MA20 value is only about 82,000 USD, still below MA50 after correction, thus short-term retracement risks must be monitored.
3. Combining with news, the Federal Reserve's pause on interest rate hikes boosts the market, but on-chain data shows that a certain giant whale has placed sell orders at 105,000-106,000 USD, suspected of accumulating.
2. Technical Analysis: The main players are playing tricks!
1. Price: High-level consolidation, a reversal is imminent, the four-hour candlestick is fluctuating around 104,000, with resistance above near 105,000 and support below at 101,300. If MA20 corrects to 82,000, medium to long-term support still exists, but breaking below 101,300 may trigger panic.
2. Trading Volume: The main player's fake moves reveal the truth, with actual trading volume at 6,066, estimated volume at 45,285, a gap exceeding 7 times! Essentially, this is a test of market depth — a wall of sell orders piled up at 106,000, and insufficient following orders cause trading to stagnate. If volume breaks through 108,000, bulls may gain momentum.
3. MACD: Bulls are weak, beware of divergence, DIF (106.3) crosses above DEA (99.9), MACD red column (12.7) turns positive, but the value is relatively small, indicating insufficient momentum. The mantra: Red column shrinking at the top divergence, run fast and don’t hesitate!
Remember! Don’t guess the top in a bull market, and don’t catch the bottom in a bear market! I am Chan Zhong Tan Zen, supported by a top-tier team, serving only those with vision and ambition!