The main force has revealed its cards! The morning volume of 154,000 suggests a change in trend direction #BTC
1. Key positions in the tug-of-war between bulls and bears
Defense line: Resistance at 107187.6, support at 105800
Moving average matrix: EMA7, EMA12, EMA26 in a bullish arrangement, price firmly standing above the clouds
Volume language: Morning volume increased to 154,000, bullish probing and accumulation signal
Trend interpretation: In a mildly bullish oscillating structure, MACD is consolidating above water, a breakout needs volume support! If 107187.6 forms a 'bayonet pattern', it will trigger a short squeeze!
2. Core viewpoint of gold formation
Expectations of the Federal Reserve's interest rate cuts combined with institutional ETF accumulation, a short-term pullback is a golden opportunity! But beware:
1. The recent pain point pressure around 107200
2. If the volume shrinks to below 80,000 before the US market opens, there may be a trap to lure in bulls!
3. Gold formation warning light
If the hourly candlestick breaks below the neck line of 105500, it will immediately trigger a long liquidation! Must decisively reverse and go short, targeting 104000!
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