I have said before that the BTC 11K market is purely a fishing trap! Whoever believes will get hooked.
Recently, many people saw BTC surge past 11000+, getting extremely excited, with voices everywhere claiming 'a breakout is coming,' even some retail investors chased high, thinking the bull market has started again.
But the truly smart money had already set up shorts around 109, and 11000 is just the last bait from the main force!
Top signal is clear: a double top confirmed at 110000, volume is weak and exhausted, K-line continues to show weakness and fluctuations.
False breakout and real retreat: the spike to 110053 was just to lure more buyers, but after a few K-lines, it crashed from the highs, dropping back to 10700.
Boundary between long and short: 10730 has become a key short-term support; if it is lost, it may head straight down to the 10500-10300 range.
Upper pressure zone: 10900-11000, tested repeatedly without breaking, the main force has a clear control zone.
Lower support level: 10730, if broken, the downtrend will continue to expand.
Fluctuation range: 10700-10900, the main force repeatedly washes positions, retail investors are easily trapped.
For friends who are currently confused and losing money in trading, trust Lao Mo, let's eat big chunks of meat!!!
