Today's BTC battle report: blood flows like a river! 103000 is the line of life and death, the last bastion of the bulls under the Federal Reserve's knife.

After the bloody washout of 1.5 billion in liquidations, BTC is crazily testing the edge of 103000, the scythe of the dog market is poised on the neck of the 100000 barrier!

1. The hawkish Federal Reserve's knife hangs high, bull corpses lie all over the field.

The FOMC meeting early today is a meat grinder— the dot plot slashed the 2025 rate cut expectation from 50 basis points to 25 basis points, the US dollar index violently surged, BTC was directly smashed through the iron bottom of 106000, plummeting 3.73% to 103868 dollars within 24 hours, 5.7 billion in massive selling pressure like a flood breaking the levee. Among 1.5 billion in liquidation orders, 90% are bull corpses, perpetual funding rates dropped to -0.02%, and bears are reveling in the bloodbath.

2. The technical aspect has completely collapsed, 103000 has become the last coffin board.

The 4-hour chart is a disaster scene: MACD death cross plunges into the earth's core, green column momentum explodes; RSI crashes to the 28 oversold area but has no energy for a rebound, the Bollinger Bands mouth is wide open to devour, the middle line becomes the death pressure line at 28. Last night, a giant whale buried a sell wall of 4000 BTC near 104500, today, any rebound failing to exceed 105300 is a trap for the bulls. Remember! 103000 is the final coffin board, breaking it directly looks at the psychological defense line of 100000, key resistance on the rebound is at 106000 (the dividing line for bulls and bears) and 108000 (the reversal confirmation point).

3. On-chain data hides secrets, institutions are stealing corpses.

Don't be fooled by the grim market, smart money is picking up chips in the bloodbath:

  • ETF has seen a net inflow of 4.12 billion for six consecutive days, BlackRock swept 2.67 billion in a single day, total holdings exceed 50 billion!

  • Over 20,000 addresses of whale level with holdings over 10 million are increasing their positions against the trend., the holding ratio skyrocketed to 9.43%, a historical high.
    On-chain shows that addresses holding >1 BTC increased by 3% this month,institutions are crazily buying in the retail sell-off., this script is just like the spike to 90,000 in May followed by a 30% surge.


    (Little Chen reminds: Powell's speech tonight is a nuclear bomb, high leverage equals suicide!)

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