107,814.68 USD! The dividing line of life and death after the decimal point: If there are no 5000 shorts exploded tonight, I will live stream eating the K-line chart
Capped by the 7-day moving average at 108,248.95
Standing on the 50% golden dividing line at 107,814.68
Overturning the three major illusions of the market:
1. “No volume consolidation = safe”? The current trading volume is only 354 BTC, but the CME open contracts surged by 12%! This is called “holding a banquet on a coffin board”——the bears are reveling amidst the corpses
2. “ETF supporting the market”? BlackRock's actual net inflow last night was revised to 37 million USD, only 30% of July's average
3. “Fibonacci failure”? In the early session, there were three dips to 107,814.68 that were all bounced back, with an error of no more than 3 USD! This proves that the 50% dividing line is still a meat grinder for longs and shorts
My real trading strategy:
1. Spot grid: Set orders in the range of 107,814-108,248, immediately go short if it breaks below 107,814
2. Contract double kill: Go long on a breakthrough at 108,250 + go short if it breaks below 107,800
3. Key addition: The 30-day moving average has moved up to 107,917.92, forming a triangular dead zone with the dividing line
The life and death calamity tonight is at 23:00! Focus on two key indicators:
1. Grayscale GBTC discount rate: Currently -0.42%
2. Deribit options large orders: 115,000 USD put options piling up at 107,500
Tap the profile picture, follow me, and let me know what you think of the current market? Let's chat in the comments! The crypto world has both opportunities and risks, stay alert, and finding the right timing is key