"Consolidation is not the end, but the starting point of a new trend! The big coin is brewing the next big move!"
Latest Market Overview
BTC current price: $109296, a slight drop of 0.8% in 24 hours, with longs and shorts battling fiercely at key levels.
Key Resistance: $110530.17 Key Support: $107000
Trading Volume: Decreased by 18% compared to yesterday, the market is in a strong wait-and-see mood
Latest Market Dynamics:
Federal Reserve Wind Direction: The latest meeting minutes indicate that there may only be one interest rate cut this year, with a stronger dollar suppressing risk assets
Whale Movements: An address transferred 3,500 BTC (approximately $385 million), attracting market attention
Institution Actions: MicroStrategy has increased its holdings by another 800 BTC (approximately $88 million)
Crow Analysis in Depth
Key Technical Signals
Triangle Convergence: The price fluctuation range continues to narrow, a trend change is imminent
Indicator Divergence: MACD histogram shrinkage, RSI neutral but weak, indicating a demand for short-term adjustments
Key Case: After a similar pattern at the beginning of May, there was a single-day surge of 7%. Will history repeat itself?
On-Chain Data Interpretation
Exchange inventories have dropped to a new low for the year, with positions continuously solidifying
Derivatives funding rate returns to neutral, reducing leverage risk
Crow personally feels:
"This kind of market tests patience the most! The main force is clearly controlling the market and washing positions; rather than acting blindly, it's better to wait for clear signals!"
Operation Suggestions
Break above 1103540: Go long in the direction of the trend, target 111000
Break below 108676: Short-term hedge, observe support at 107310
Long-term investors: Can gradually lay out below $107000
Interactive Topics:
"Do you expect a breakout or a pullback? Leave your views in the comments, and we will verify after the market closes!"