"104000 is the last shield; BlackRock and the German government are in a tug-of-war, and retail investors are walking a tightrope on the edge of a knife—this is the bloody gamble of BTC today!" $BTC

Breaking news: Two news stories exploded in the community last night and this morning:

The German government sold 900 BTC (approximately 490 million USD), crashing the market and triggering panic selling among retail investors.
BlackRock's spot ETF is aggressively accumulating, with a net inflow of 128 million USD in a single day, resisting selling pressure—it's like two giant whales fighting, and retail investors are caught in the crossfire.

Talking through the chart: According to the candlestick chart (current price 104706.27 USDT,委比-0.58%):

104000 is the lifeline: Today, it pierced 104200 three times, relying on institutional large orders to pull it back, but the negative委比 indicates weak buying intent—breaking below 103800 will trigger high leverage and carnage.

107000 is an unbreakable wall: the sell-off from June piled up like a mountain, and every time it tries to push through 106500, it gets smashed down, reminiscent of the signs before the LUNA crash in 2023.

Volume shows weaknesses: Volume increases during declines, and decreases during rebounds, with follow-up trades lacking strength—this market is very tricky, definitely a 'fishing trap.'

Personal lessons: Don't be the cannon fodder of hard truths.
As an experienced blogger, I've suffered losses: Last week, a tycoon in my fan group heavily invested in long positions at 105800, only to be liquidated instantly by the German sell-off; the on-chain data showed 13 bot liquidation orders specifically targeting leveraged traders! Lesson: In a volatile market, using grid trading is the way to hedge risks—I used my strategy to place long orders between 104500-105000 (stop loss at 103800) and short orders between 106800-107200, with profits hedging to preserve capital.

"When the German government's cold wallet meets BlackRock's hot money, and the candlestick converges into a sharp triangle—tonight will either see a massacre reminiscent of the 312 event or a breakthrough to new highs! Comment below to place your bets: Do you stand with the break at 104000, or the breakout at 107000?" If you want to delve deep into the cryptocurrency world but can't find your way, and want quick access to information, click on my avatar to follow me for firsthand news and in-depth analysis!