Secret data exposed: BTC has no way out! Either it continues to shine tonight, or it falls back to 100,000 to buy the dip!
Last night, BTC suddenly surged to around 112,000 USD, leaving countless people sleepless. According to the latest market charts and technical indicators, this frenzy may just be the beginning, or it could be a trap.
First, let's look at the key data:
MACD Golden Cross: The histogram has turned from negative to positive, with bulls gaining short-term momentum, but trading volume has shrunk at new price highs, indicating a signal of "inability to rise."
RSI 70: Although traditional markets consider this overbought, the crypto circle's RSI has long been in the 40-90 range; 70 is just moderately high, far from extreme.
Historical Repetition: In May, BTC also surged to 110,000 before retracing, forming a "double top" pattern. If it cannot break through 112,000 this time, it may repeat the "false breakout, true washout" scenario.
Case Alarm:
When Paraguay announced BTC as legal tender in June, the market was similarly excited, but due to a policy blunder and the linkage to U.S. stocks, BTC instead deeply retraced to the 100,000 mark. Now, although U.S. stocks are down, the crypto circle has learned to "walk independently"; can it withstand the pressure this time?
Tonight's Script:
Breakthrough 112,000: Requires accompanying trading volume, otherwise it may be a "false break"; the upper target looks at 120,000.
If it falls below 110,500: Be cautious of a "triple top" forming, with the first retracement looking at 107,646, and a deep fall possibly to 105,000.
Tap on the avatar, follow me, and don't miss any first-hand information updates! Let's enjoy the bull market feast together!
