Bitcoin battle report: Bears launch a strong attack on the 105000 defense line, the bulls are hanging by a thread!
The Bollinger band opens downward, MACD shows a dead cross underwater, and the explosion signal pierces through the early morning calm — Bitcoin's key level of 105000 is experiencing a bloody slaughter.
Last night, thunder struck! The dormant giant whale Mt.Gox wallet suddenly awakened, transferring 40,000 BTC (approximately $4.2 billion) in a single transaction, with on-chain monitoring showing some coins have flowed into the Bitbank exchange. Market nerves suddenly tightened, with a massive potential selling pressure hanging like the sword of Damocles.
Adding insult to injury, the German government continues to sell off, transferring over 2500 BTC to exchanges this morning. Under the combined pressure of two 'official sell-offs', Bitcoin, which has a weak technical outlook, has broken through the key middle line of 106150 defense, and the 1-hour chart reveals an 'explosion signal', triggering a surge of panic selling.
Red alert on the board:
1. The Bollinger band opens downward: prices are suppressed near the rapidly declining lower band (currently about 105100), and the middle line of 106150 has turned into stubborn resistance.
2. MACD dives below the zero line: the green momentum bars have slightly shortened, but the 'underwater dead cross' state remains unchanged, with bears controlling the steering wheel.
3. Explosion signal confirms panic: the unusual movements of on-chain whales and continuous government selling become the last straw that breaks the camel's back. The line of life and death is set at 105000!
This is a double barrier of the lower Bollinger band and psychological level:
1. If you can hold firm: it may trigger a weak rebound, but it is necessary to strongly reclaim the middle line of 106150 and stabilize to alleviate the downward trend;
2. If it breaks down with volume: it will directly target the abyss of 103500-103000 below. The current environment is dangerous — the shadow of Mt.Gox's repayment and government selling creates a continuous bearish scenario, and losing key levels may trigger programmed selling and a panic sell-off.
The giant whale stirs the deep sea, and government chips turn into bearish ammunition. At this moment, do you choose to seek gold in the ruins of 105000, or wait quietly for the bulls to reignite the flames of war?
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