22,216,884,095,380 pieces of dark surge exchange! Is the underwater golden cross actually a whale bait?
The underwater golden cross is immobile, and any rebound without volume is a trap. The moving averages are pressing down like Mount Tai; look more and act less to stay safe!
1. Technical Aspects!
1. MACD momentum is insufficient, golden cross in the deep water below the zero axis, only a weak stop-loss signal.
The energy bars are still negative (the green bars have shortened but not turned red), and the upward momentum is weak.
2. Trading volume reveals the truth, with an increase in volume during the decline (panic selling), and the rebound volume shrank over 15%, with outside capital on the sidelines. A volume-less surge is a trap, and a significant drop under pressure needs urgent risk avoidance.
3. Moving averages bear pressure, with prices being suppressed by both MA7 and MA30, and the trend's lifeline has been breached. A reversal requires a single-day volume increase of over 10% to break through; otherwise, the bears will control the market.
2. Latest On-chain Dynamic News!
1. Macroeconomic negative: Bullard hints at a necessary interest rate hike in July, and U.S. Treasury yields surge, suppressing risk assets.
2. On-chain alert: 24-hour net inflow of 380 BTC into exchanges (mainly Binance), accumulating selling pressure.
3. Miners' wallet balances decreased by 120 BTC; any outflow in a weak market is bearish. The fear index has dropped to 28, and market sentiment has entered the 'extreme fear' range.
Remember! The market does not believe in tears, only in technology!
I am Chan Zhong Tan Zen, top technical support, serving only those with vision and ambition!
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