BTC's life and death line is 109100! The decisive battle with the Federal Reserve will be held at 8 o'clock tonight!
Keep an eye on this 15-minute line. The MA7108971 and MA30 (109006) are more pressing than Sun Yuchen's PR fee. In the early trading, it touched 109355 three times and was smashed back. It is a typical "false breakthrough trap". Now the price is playing dead near 109584, but the trading volume hides the mystery. The current trading volume of 257 steps on the 5-day average volume of 157, but kneels in front of the 10-day average volume of 221.
1. News
At 2 o'clock this morning, Williams, the second-in-command of the Federal Reserve, threw a depth bomb: "Inflation stickiness may force the restart of interest rate hikes." CME interest rate futures instantly pushed the probability of a September interest rate hike from 18% to 35%, and the USDT over-the-counter premium directly fell below the psychological barrier of 7.0. Grayscale GBTC had a net outflow of 120 million US dollars last night. These institutional dog dealers are obviously hedging in advance.
But don't rush to sing bearish! The Coinbase depth chart shows that there is a wall of sell orders worth $380 million at 109300-109500, while there is a limit buy order of $210 million below 108900. Remember that Silicon Valley Bank collapsed in March 2023, and the consumer confidence index plummeted, causing Bitcoin to surge 7% in a single hour. History may repeat itself, but it will never be repeated simply.
2. Operation strategy
1. Stand firm at 109100 and open a 10x long order with a stop loss of 108900
2. Fall below 108900 and open a short order directly at 108400. Now the volatility index has rushed to 85
This market is more exciting than the contract competition. A light position is like wearing a bulletproof vest. Last month, a brother made a 50x all-in, and now he is still sending waterdrops to the rights protection group.
The consumer confidence index at 20:00 tonight is the final season of Game of Thrones in the cryptocurrency world. The previous value was 97.0 and the expected value was 96.8. Whenever the data is lower than 95, the algorithm will be triggered to dump the market immediately. Look at the long-short ratio of the OKX elite account of 0.82. Obviously, some big investors are betting on the black swan.
If you feel helpless and confused in trading at the moment, and want to know more about the cryptocurrency world and first-hand cutting-edge information, click on the avatar to follow me, and you will no longer get lost in this bull market!
