$BTC 107,000 defense line in crisis! 60% probability of bloodshed down to 105,500 tonight. Retail investors cut losses or institutions buy the dip?
Stuck at the life-and-death line of 107,000-108,200, insufficient volume makes it hard to break previous highs, but institutions are propping up to prevent a crash. I predict a 60% probability of breaking below 107,000 within 8 hours, triggering a sell-off down to 105,500.
It is recommended to stay in cash and observe; if there is a volume breakout above 108,200, then chase up to 111,000. If it breaks below 107,000, then go short, with a position ≤5% and strict stop-loss, and be cautious of the two major pitfalls: the Fed's hawkish stance and ETF fund outflows.
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