Bitcoin is now like a supercar in top gear!
Just broke through the $110,000 toll booth, flooring it straight to $120,000, but the dashboard shows the fuel is a bit low, need to see if the gas station can restock in time.
1. Technical Analysis Express
Moving Average System Launches Rocket Fuel
7-day line ($108,281) and 30-day line ($105,379) form a golden triangle, pushing prices up, and it’s impossible to stop the car in the short term. Bollinger Bands are expanding: prices are tightly adhering to the upper band at $110,283, this pattern will either continue to surge or see a short-term pullback for a shakeout.
2. News Fuel Package
Institutional Ammo is Ready
BlackRock's BTC spot ETF saw net inflows break $420 million this week, on-chain monitoring shows 38,000 BTC were withdrawn for hoarding, MicroStrategy increased its holdings by 1,400 BTC, buying coins is more timely than salary payments.
3. Today's Trading Traffic Lights
Green Light Section
Pull back to $109,177 to hold directly long, stop-loss at $108,500, target $112,000. Breakthrough at $110,283 with a 20% increase in volume, chase the rise, target $115,000.
Yellow Light Warning
The range of $110,800-$111,200 is stacked with 21,000 BTC short positions, like a highway toll booth that can suddenly stop, don’t chase the rise.
Red Light Zone
If it drops below $108,000, immediately close long positions, $105,379 is the lifeline, breaking this level could trigger a stampede. When the commission discrepancy exceeds -$200,000, the bears could strike at any time, better to miss out than to stubbornly hold on.
4. Wild Predictions
Violent Scenario: Tonight, the US market surges with high volume, shooting straight for $113,000 in four hours, sneaking up to $120,000 over the weekend. Sneaky Scenario: Low volume during the day washes out long contracts, after exhausting $5 billion in short margin, then pushes the price up, playing a psychological game.
Now it’s a market of "those who are bold get fat, while those who are indecisive starve." Don’t let your position exceed 50%, set your stop-loss, and let profits fly for a while.
Are you stuck? When to bottom fish? Still that saying, if you’re confused and helpless and don’t know what to do, tap the avatar and comment. I need fans, you need references.
