Bull markets tend to drop suddenly, bear markets tend to spike - BTC now is like pork in a meat grinder, whoever gives in first will be bitten by the market!

[Market analysis - explaining K-lines in market talk]

  1. Current battle situation:

    • Price: 105490.85 USDT, down 0.54%, equivalent to 'pork price dropped by 0.5 yuan', but still in a high volatility range.

    • Technical analysis:

      • Bollinger Bands: Price is rubbing against the lower band (108391.97 USDT), like 'a slide that can't stop', the middle band (109251.08 USDT) is today's lifeline.

      • MACD: DIF -192.69, DEA -64.60, MACD histogram -256.59, death cross downwards, bears dominate.

      • Trading volume: 335.90K, far below the 5-day average (462.20K), indicating that large funds are on the sidelines, retail investors are cutting each other.

  2. Key psychological battle at critical levels:

    • Resistance level: 110110.20 USDT (Bollinger upper band), early morning high of 109251.08 was hit, the main force does not want retail investors to break even.

    • Support level: 108391.97 USDT, falling below could trigger panic selling, reference the June 8th single-day 8% crash.

[News supplement - 3 must-watch things today]

  1. Federal Reserve goes dovish: CPI data lower than expected, 70% chance of rate cut in September, but BTC did not rise, the whales may be suppressing the market to accumulate.

  2. Exchange unusual activity: Binance transferred 5000 BTC to cold wallet early in the morning, is the institution hoarding or preparing to dump? Be cautious!

  3. Altcoins bloodbath: BNPC, INIT and other small coins fell over 4%, funds have not flowed back to BTC, the overall market is weak.

[Crow Brother's viewpoint - speaking from a history of blood and tears]

  1. Last month, BTC hovered around 105000 for a week and then surged to 112000 due to ETF news; the next day it 'crashed' back to where it started, be wary of a repeat scenario!

  2. Personal strategy:

    • Short-term: If it falls below 108391.97 and does not recover within an hour, cut losses; if it breaks above 109251.08 and stabilizes, you can go long with a small position (with stop loss).

    • Long-term: Place orders in batches in the 108000-105000 range, waiting for the 'rate cut market' in the third quarter.

This market is like picking up coins in a crocodile pond – you think you’ve hit the bottom, but the next second you might get bitten in half! Tonight at 8 PM in the fan group, Crow Brother will help you analyze the main force's order traps! Secret code: Crow will win.

Today, BTC feels like 'walking on a tightrope', with a slightly higher probability of going down, but news can change the script at any time. Ordinary people should watch more and act less, wait for the direction to be clear before taking action! $BTC #加密市场回调



I am Crow Brother, trust institution, take a walk in heaven; trust the crow, let wealth roll in the grave, if you want to know the latest news or consultations and don't know what an effective breakthrough point is, you can click to follow, Crow will guide you step by step so you won't get lost! If I can't do it, you're welcome to wake me up in the comments!