BTC now resembles a high-drunk gambler, holding onto new highs with one hand and clutching a bomb with the other, ready to flip the table at any moment!
1. Price has stormed into the VIP room, but security is about to check tickets
The current BTC price has surged to around $111,000, with the four-hour chart recording five consecutive bullish candles, directly poking a hole in the upper Bollinger Band.
However, three details reveal the truth:
The moving averages are split like scissors: MA5 and MA10 have widened to an $800 gap; this "squeeze scissor foot" was seen three times during the 2021 bull market, and each time it cut the retail traders' heads off.
Trading volume is changing like a Sichuan opera face-changing performance: recently, the trading volume for the last two bullish candles has shrunk by 20%, with major funds pulling back while the current surge is driven by retail daredevils.
2. Bollinger Bands are ringing alarm bells: speeding incurs a 12-point penalty
The Bollinger Bands indicator is flashing red:
Upper band at $110,830: The price has brushed against the upper band for four consecutive candles without stabilizing, resembling a scumbag using WiFi without paying.
Middle band at $108,821: This is the dividing line between bulls and bears; falling below it directly targets the $106,000 support.
Hidden crisis: The four-hour RSI value has soared to 78.6, higher than before the Silicon Valley Bank collapse in March 2023; historical data shows that exceeding 75 usually leads to a correction of more than 5%.
3. The dealer's hidden cards are exposed: either refill or flip the table
The major players have two scripts:
Continuation script: Break through $112,000 with volume, combined with Elon Musk tweeting doge memes, pushing it to $115,000 to make retail traders climax collectively.
Head-cutting script: Suddenly crash to $108,000 after the European market opens today, triggering a 20x leveraged long position explosion on CME futures.
4. Operating guide: Don't talk about feelings at the casino
Spot traders: Reduce holdings by 20% for every $500 rise above $111,000, and liquidate directly if it falls below $109,000; don't believe in the cult slogan of "eternal bull market."
Contract traders: Place a buy order for a breakout at $112,500, and short if it falls below $108,500, keeping position size within 1%; trading contracts at this level is like swimming naked in an alligator pool.
Here's a life-saving mantra:
In a bull market, waterfalls abound; only by not being greedy can one become rich!
Are you trapped? When to buy the dip? It's still the same phrase: if you're confused and helpless and don't know what to do, comment under my profile picture. I need fans, and you need references
