108750 Life and Death Line! Countdown to liquidation for 320 million long positions tonight, the butcher's knife has already tasted blood!
Latest 4-hour K-line closed at 108,748.79 USDT, down 0.16% from the opening, precisely sticking to two key positions:
Above, the iron top: 110,000 threshold
Below, thin ice: 108,750 line, if lost, the 50-day moving average at 108,472.5 is in urgent danger!
The current price is supported by the 7-day line (108,550.64) and the 30-day line (108,390.25), like standing on two steel wires—seemingly firm support, but in fact, hiding dangers.
Volume anomaly: 7.59 million hands expose the essence of wait-and-see
VOL bars shrink to a historical low, market liquidity drops to a half-month low, a typical precursor to a trend change! Even more unusual: the open interest in options hits a new high but the implied volatility plummets, indicating that institutions are quietly laying out large unilateral positions, just waiting for the starting gun to fire.
Three consecutive hidden news explosions:
US data conflict: Unemployment rate rises to 4.1% vs PPI unexpectedly declines, the probability of the Federal Reserve cutting rates in September instantly halved to 52%!
Korean regulators brandish knives: The Financial Commission hints at cracking down on illegal crypto leverage, causing a 13% daily plunge in Wemix due to capital outflow
BlackRock ETF shrinks: After two consecutive days of halted net inflow, Wall Street old money shifts focus to SOL/ETH perpetual contracts
Long-term strategy: Lie flat and wait for direction, act again after breaking levels!
Long positions are not extinguished: As long as the 30-day line at 108,390 is not broken, the trend still belongs to long control.
However, to break through 110,000, two conditions must be met:
1. A single 4-hour volume breaks 2 million hands
2. The US market reports CPI unexpectedly cooling
Bearish kill opportunity lurking: Beware of the chain reaction triggered by breaking 108,750! This position gathers over 320 million long liquidation lines, if triggered, it will plunge straight to the 108,182 watershed
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