Is the main force starting to play tricks? Short-term risk alert sounded for $BTC
Recently, I've noticed a dangerous signal: Bitcoin's current rebound is clearly lacking momentum. The current price is being tightly pressed by the medium-term moving average (EMA24), and the forces of buyers and sellers are at a standstill (KDJ convergence), which makes me a bit anxious.
Although there were signs of a bottom rebound a couple of days ago, the trading volume has shrunk to less than half of usual, indicating that there aren't many retail investors willing to follow the trend.
What's even worse is that on-chain data is starting to raise concerns, with some large accounts quietly placing huge sell orders.
This kind of play is usually a smokescreen for the main force preparing to crash the market; once a large batch of market orders is sold off, it can collapse market sentiment in an instant.
Technical indicators have already issued early warnings; the reversal pattern at the top and the RSI breaking below the 50 midpoint are both hinting that chasing after the price at this position carries extremely high risks.
In my personal judgment, this round of adjustments is likely to accelerate, especially be wary of the main force using positive news to offload. Don't be fooled by false signals; it's better to earn less now than to stubbornly resist.
If you're heavily positioned, it's advisable to reduce your holdings in batches during the rebound to hedge against risks. Protecting profits is essential to seize the next opportunity. Observe more and act less; consider entering the market only when it stabilizes again.
Are you stuck? When to bottom fish? Still the same advice: if you're confused and helpless about what to do, tap on my profile and comment. I need fans, and you need references.
