The wind of news is blowing towards the bulls

But the ceiling of the technical front is already in sight

102000 is the battleground for bulls and bears!

News front: Three undercurrents are surging

Interest rate cut expectations are heating up
The Federal Reserve has released signals of "must cut rates within the year," and global hot money is like sharks smelling blood, passively benefiting the crypto market. But will there really be a cut in June? It's all a psychological battle before the shoe drops.

ETF ammunition continues to be delivered

The institutional increase in positions for five consecutive weeks is the core driving force of this round! Yesterday, BlackRock's ETF attracted another 320 million USD, but be cautious: the inflow speed has slowed compared to its peak, and even large institutions can have 'shaky hands'.

Miners are secretly taking action
On-chain data shows that old miners are quietly offloading during the rebound (transferred 24,000 BTC in the last 7 days). The actions of these old foxes often precede market shifts earlier than candlestick charts.

Technical front: The triangle strangulation is approaching

Bollinger Bands expansion
The 4-hour channel width has compressed to an annual extreme (447 USD), with the price forced to the upper band at 107446 corner. Historical experience: Such extreme contraction often triggers explosive market movements within 12 hours!

The MACD's hidden agenda
It appears that the golden cross is providing protection, but in reality, it conceals danger: DIF and price have shown signs of a top divergence (previous high 105909 with DIF value 78, current price 102102 only 60.52), and the upward momentum is clearly diminishing.

The life-and-death line for bulls and bears

Defense line: Daily close stabilizing at 103500 = Opens the channel to rush towards 105000

Breakdown line: Falling below the midline of 101500 = Triggers a chain liquidation targeting 100000


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