6.12 Today's BTC Market Analysis
108,539 Mid-track Pressure on the Top, 110,000 Sell Orders Build a Wall, Bulls are Like Dancing with Shackles, A Little Carelessness Could Lead to a Fall!
Core Contradiction Between Bulls and Bears
1. Technical Aspects of Three Mountains
Mid-track Ghost Gate (108,539.7): Current price 107,854.8 stuck below the mid-track, Bollinger Bands are narrowing (Upper Band 111,397.8 / Lower Band 105,681.5), 4 K-lines failing to break through are like hitting a south wall.
Sell Orders Five Finger Mountain (112,000-114,000): The Order Book Reveals Secrets! The 70.6 BTC Order Wall at the 113,000 Price Level is just the tip of the iceberg, the dense upper area is like a solid concrete wall. MACD Flatlined: Purple energy bars disappeared, the difference between DIF and DEA shrank to 18.6, bulls and bears are completely flatlining and slacking off.
2. News Double Negative
Dollar Bloodsucking: The U.S. Non-Farm Payroll data exceeded expectations, raising the dollar index, causing BTC to drop by 1.2%. German Sword of Damocles: On-chain monitoring shows that the government-related wallet in Germany transferred 1,300 BTC to exchanges, worth 140 million USD, casting a shadow of selling pressure.
Life and Death Defense Line
Key position breaking signals for the camp, bulls need a 4-hour volume candlestick to confirm stabilization above 108,540, while a 15-minute entity breaking below 107,000 will activate the nuclear explosion point. Losing 105,681 could trigger a liquidation wave of over 300 million USD.
Follow me, and I will guide you to see the essence through the phenomenon, let's traverse through the bull and bear markets together.
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