The 30-Day Bloodbath Law Reappears! If 105,000 is not crossed, just wait for the fireworks of liquidation.
The 100,000 mark for Bitcoin is like a boxing ring, with trillions of funds grappling inside. Some bet that this is the starting point for a surge, while others firmly believe that a crash is imminent— the market is louder than a vegetable market!
Now the crypto world is divided like two camps at war:
Bullish camp: Pointing to the daily inflow data of several billion dollars into Bitcoin spot ETFs, shouting "The institutional bull has just begun, 150,000 is just the foothill!" Most of these people are hoarders, believing the bull market is inevitable.
Bearish camp: Holding futures liquidation orders and K-line charts, especially focusing on the 105,000 USD level, because whenever the price approaches this point in the past three weeks, there has been massive selling pressure. They are also worried about the delayed interest rate cuts by the Federal Reserve, the selling pressure from miners, and so on.
The market sentiment is dangerously polarized, but it is precisely the breeding ground for wealth opportunities. It was the same before the LUNA crash last year, with believers crazily bottom-fishing on one side while the seasoned traders had already exited. Those who can truly make money are the ones who see the key positions in advance.
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