BTC Breaks the 107K Defense Line! The Deep Signals Behind the Violent Short Attack
Major funds aggressively attacked the 108K level, a bloody scene of long and short competition emerged
In the early hours of this morning, BTC experienced an extreme plunge, with prices violently breaking below the 107000 integer mark from 109200 USD. The five-minute candlestick chart showed 10 consecutive bearish candles, and the MA5/MA10 moving averages exhibited a waterfall-like divergence, causing the price to be nailed down to the floor price of 107500. This drop precisely pierced through the key support MA30 at 107500 USD, forming a "guillotine" pattern on the technical front, drowning out the longs in a series of liquidation sounds.
107K Stuns with "Ghost Wall" Market, Increased Volume Drop Hides Danger
A bizarre low-volume consolidation appeared in the 107500-107600 range, with prices seemingly stabilizing near MA30, while the major players used a "fishing line" technique to repeatedly lure in longs. On-chain data shows that over 210 million USD in long stop-loss orders are stacked at this position, and once breached, it will trigger a domino effect of liquidations. Current trading volume continues to shrink to a minimal level, causing the market to fall into a "stagnation state," which is a breeding ground for the capital to accumulate quietly.
Sudden Negative News Triggers Panic, Two Signals Indicate a Deeper Correction
Grayscale's GBTC negative premium rate has expanded to -15%, creating the largest discount in three months, accelerating the withdrawal of institutional funds. The U.S. Department of Justice's additional lawsuit against Binance continues to escalate, with the CFTC's evidence chain for market manipulation gradually improving. Technically, the RSI has entered the oversold zone but has not shown a bottom divergence; the MACD green bars continue to expand, indicating a high likelihood of testing the psychological level of 105000 in this drop. If lost, it will directly point to the MA120 moving average at 104800.
Emergency Risk Avoidance Guide for Holders, Open Position Traders Await Ultimate Drop
Spot holders should not blindly increase their positions and are advised to set stop-loss below 107000 firmly. Contract players are strictly prohibited from going long against the trend; the current volatility has soared to 130%, and both naked longs and shorts are suicidal moves. The real opportunity lies in the moment the price breaks below 105000, at which point the MA120 moving average at 104800 will become a new hunting ground for shorts. Remember: every rebound is a window for escape, and the "double bottom" illusion is a meat grinder.
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