【Head of Dormitory Critique】BTC 110878 Lifeline! The dealer's trap reveals its true form
False breakout trap
The K-line closed at 111268 at 8 AM, but the volume bar shrank to 9.3 million. Main force's tactic: using BlackRock rumors to entice longs, but it's actually OTC dumping out goods.
Death cross of moving averages
MA7 (109924.63) crosses below MA30 (108788.72) forming a death cross. Historical repetition: after the same death cross on June 29, it plummeted 7.3%.
Fibonacci in crisis
Key levels have all been lost: 38.2% (110183.46) has become a new resistance level. Latest warning line: 23.6% level 110877.66 combined with $470 million liquidation level.
Emergency correction strategy based on the chart:
Long emergency point: 110877.66
If it stabilizes, one can lightly buy at the bottom, targeting 111800. New evidence: Grayscale GBTC holdings increased by 2416 BTC.
Short nuclear button: Break below the psychological barrier of 110000.
Trigger conditions: CPI negative + SEC sudden inspection of KuCoin. Downward target: Weekly CME gap 107245.
Monitor the timeline:
19:00: Watch for movements in Grayscale address.
22:00: Federal Reserve's Bullard speaks.
Two scenarios to respond:
Stabilize at 110877: Reverse to go long.
Break below 110000: Set up a long order at 107245.
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