BTC Strong Breakthrough! Main capital entering the market, aiming for $110,000!
Today's BTC trend is truly hardcore, the five-minute candlestick chart shows the bulls directly crushing the bears! The current price has strongly risen above $106,000, with a maximum surge to the $106,500 mark. The MA7 and MA30 moving averages are forming a bullish arrangement, and the signal of institutional capital entering the market is clear!
The signal of main capital entering the market is clear
The latest data shows that a certain Wall Street institution has increased its holdings by over 30,000 BTC through Grayscale GBTC, worth nearly $300 million, which directly pushed the early trading volume to exceed $1.2 billion! Coinglass data shows that the total liquidation amount across the network in the past 24 hours has reached $230 million, with intense long-short competition but still within a controllable range!
Technical aspects firmly hitting key levels
The current price is firmly sitting above the psychological level of $105,000, with the MACD histogram continuously expanding and the RSI oscillating in the 68-72 range. The technical aspect still has upward momentum. According to on-chain analysts, this wave of main upward trend can last at least 1-2 days, with the short-term pressure level looking towards the $110,000 integer mark!
Whales stirring in the undercurrents
Glassnode monitoring shows that 37 new whale addresses holding over 1,000 BTC have appeared within 24 hours, and the number of large on-chain transactions has surged by 40% compared to last week, with single transactions of over 5,000 BTC occurring frequently. MicroStrategy's latest financial report reveals that it has increased its holdings by 214 BTC at an average price of $104,500, marking the third increase this month!
Key support assessment
As long as the current market holds the defense line of $104,000, the bullish trend will not reverse. Those who are still hesitating should take action quickly; this wave of the market can at least see the $110,000-$112,000 range! Remember, in the early stages of a bull market, you must be brave enough to hold positions; those who are afraid of heights now will have to chase the price later!
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