BTC afternoon suddenly sees "spike" market! The main force secretly hides this signal behind the scenes
(Afternoon news: Coinglass data shows that the total liquidation amount across the network has surpassed $500 million, and after the US stock market opened, Bitcoin was suddenly hammered with a large order of 6,000 coins, with the main force precisely setting resistance at the $108,500 mark!)
Attention all friends! The main force's trading techniques in this wave are simply impressive! When the price surged to $108,582 in the morning session, I took a screenshot and reminded everyone that "the yellow line pressing down must correct", and now the price is stuck around $108,227, fluctuating; this is a typical "hanging orders to wash positions"! Look at the MACD dual lines entangled below the zero axis, and the RSI indicator stuck at 45, neither up nor down; isn’t this the textbook level of "Schrödinger's bull-bear showdown"?
The latest news is even more exciting! Data from a top exchange shows that whale addresses have net increased their holdings by 23,000 BTC in the past two hours, this operation is obviously a "left hand to right hand" control technique. Looking at on-chain data, MicroStrategy has quietly increased its holdings by 500 coins, are these institutional big shots not playing a big game? Now this position is like a "sandwich", with the upper MA7 moving average at $108,274 forming resistance, and the lower MA30 moving average at $108,077 providing support, while retail investors are like the cream in a sandwich cookie, squeezed with no power to fight back!
Three points must be reminded from a technical perspective: First, the 4-hour EMA60 moving average at $107,800 forms strong support, if this breaks, it will head straight for $105,000; Second, trading volume continues to shrink, with the current VOLUME only 19,200 coins (about $190 million), not even enough for a cup of coffee on Wall Street; Third, pay close attention to the open contract volume, now exceeding $38 billion, this wave of both bull and bear explosions is likely to drive contract traders crazy!
The current market sentiment is simply magical; some people in my group are shouting to go all in and bottom fish, while others are scared and cutting losses. To be frank, this kind of "electrocardiogram" market tests human nature the most, just like playing "Russian roulette", the loaded bullet might go off at any time. My strategy is very clear: continue to lock in spot positions, keep contract positions within 5 times, and set stop-loss at the "bloodline" position of $107,500!
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