May 29 morning: Sell orders press down like a mountain crushing an egg, buy orders support like a mantis trying to stop a chariot - 108000 becomes the lifeline between bulls and bears!

Buy and sell orders hide deadly traps (new core analysis)

Sell order fortress:

At 108,050, there is pressure from 230.5 BTC (equivalent to $7.9 million), with sell orders set at every $10 step above, forming a high-pressure electric net, the main force is obviously suppressing the rebound.

Key level at 108,000 with 106.8 BTC orders, bears have set up heavy defense here.

Weak buy orders:

Buy orders are concentrated at 107,950-107,980 (about 117 BTC), but the depth is only 1/5 of the sell orders, indicating insufficient support strength.

At the price level of 107,965, a large order of $873,000 suddenly appeared, suspected to be institutional dumping, directly breaking through the psychological defense line.

Main force direction:

In one second, multiple sell orders of tens of thousands of dollars executed continuously at 107,950, indicating that bears are taking the initiative.

Buy orders are mostly small orders from retail investors, large funds are heavily observing.

News + technical resonance

Key signal news on tariffs from Trump + delay in Fed rate cuts, institutional funds continue to flow out (ETF net redemption of $120 million in a single day) Technical 4-hour MACD top divergence (price reaches new high of 111,980, MACD bar shrinks) + Bollinger Bands closing to a critical point with sell orders piling up to 5 times the buy orders, 108,000 becomes a strong resistance area.

Operation strategy: follow the large orders, chase after the breakout.

Bearish signal:

Current price at 108,050 is close to the dense sell order area, short as soon as there’s a rebound, stop loss at 108,300.

If it breaks below 107,950 (buy order support), target for shorting is 106,900.

Bullish conditions:

A violent surge is needed to engulf the sell order at 108,050 (230 BTC), otherwise any rebound is a trap for bulls.

Key Focus:

Monitor the price level of 107,965, if another million-level order appears, it will trigger a waterfall market.

The main force is set up at 108,000 with heavy firepower, while retail investors pile up sandbags at 107,950 - tonight’s battle of attack and defense, the first sound of liquidation after the bullets fly is the starting gun for directional choice! $BTC #比特币2025大会

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