Main force plays with psychology, breaking positions with hidden traps!
Double-edged sword of news
The Blockchain Group invests 11 million euros (≈780 BTC) and Sixty Six Capital increases their holdings to 145 BTC, hitting the waterfall at last night's high of 108789 — institutions are repeating their old trick of going long and then selling!
Technical three consecutive kills
The decline starting at 8 AM on June 30 implies three deadly moves:
Death cross of moving averages: MA7 (106732) falling below MA30 (107229) forming a suppression cage
Fibonacci breakout chain:
61.8% level (107088) breached triggering a long liquidation
100% strong support level corrected to 106387 (originally misidentified as 106300)
Volume trap: Early morning drop volume reached twice the daily average, but the rebound volume was only 60% of MA5 average (333 BTC)
Extreme emotional state
Retail investors heavily cutting losses at 106369 (Order ratio surged to +0.62% exposing main force's accumulation)
280 million long positions piled up in the 106300-106500 range
Three intraday spikes at 106387 were all lifted by tens of thousands of BTC buy orders
Classic battle reenactment
Like BlackRock's 'increase in public but decrease in private' script from March 2023:
European institutions release good news → Market makers smash through the psychological barrier of 107000 → After blowing up longs, place buy orders at 106387
Current survival rules
Updated mantra: '106387 determines long or short, don’t act impulsively if MA30 (107229) holds'
Aggressive strategy: Try long at 106370 (strict stop loss below 106387)
Conservative strategy: Break above 107229 to chase longs / significant drop below 106380 to chase shorts
Core focus for tonight's trading
When the whole network is focused on the 'iron bottom' at 106387, beware of two kinds of counterattacks from the main force:
False breakout to trap shorts: Instantaneously breaking through 106380 and quickly pulling back
Short-squeeze rocket: If MicroStrategy's US stock opens over 5% up, it may trigger a short squeeze
Is the liquidation of 280 million longs an illusion? My system sees through the main force's 'short trap' deployment! Want to delve deep into the crypto world but can't find direction? Want to quickly grasp information gaps? Click my profile to follow me! Real-time sharing of first-hand information and in-depth analysis, precise tips on buying and selling points, grasping crypto dynamics in the first instance!