Grayscale's trillion chip anomaly! The script has been written for a 17% flash crash at $BTC in the early morning!
BTC is now playing with a heartbeat under the pressure level of 108000! The MACD golden cross on the four-hour chart looks intimidating but the red bars are still increasing to 511.7, with DIF at 1201.9 and DEA at 946.1, the gap is bigger than before last month's crash. Do you understand this divergence that the market manipulators use to deceive?
Looking at KDJ, all three lines are in the overbought zone, with J value at 78.94 turning down visibly; every time at this position, it triggers a textbook long position! The most disgusting part is that the half-hour volume shrank to 60 million dollars, yet the price pulled back to 107740, clearly indicating the market manipulators are making a false upward pull.
Tonight's operation gives only two instructions: don't chase long positions if the upper resistance of 108135 is not broken with volume; if the lower level of 107500 is pierced, directly chase short positions, all limit orders in between are just free money!
Remember, at three o'clock in the early morning, the ETH options expiration + Grayscale ETF fund movement, either of these two bombs can easily kick Bitcoin down to 106000. Leverage above fifty percent should be cut down to twenty percent immediately; the longer this position consolidates, the more violently it will drop!
Although the market is slightly sluggish now, opportunities will still come. Stay calm and wait for the pullback, feel free to discuss future market views anytime.