117700 is the threshold, crossing it means golden opportunities, falling down means a bottomless abyss - now it depends on which card the doghouse will push first!
In the morning session, BTC played 'ghost hitting the wall' at 117,776, with bulls and bears crazily inserting needles within a thousand dollars.
The upper level 118,882 is the Fibonacci 100% strong resistance, and the lower level 116,646 locks the 78.6% retail cost line, which can be called the 'life and death line for bulls and bears'.
This morning, MicroStrategy increased its holdings by 1,222 BTC, while the doghouse placed an order for 28,000 on 118,800, making the intention to force retail investors to line up obvious.
Three major killing signals:
Volume trap - 'large transaction' is hiding tricks: the one-hour volume dropped by 40% year-on-year, recreating the false breakout routine from July 10 (at that time, it induced a rise and then exploded 800 million long orders)
Options strangulation - CME's open contracts surged by 1.9 billion dollars, and tomorrow night at 20:00 coincides with the delivery of 187,000 BTC options, with the maximum pain point at 118,000 becoming the target.
CPI nuclear bomb - PPI has exceeded expectations, if tonight at 21:30 CPI explodes again (forecast 3.4%), the probability of the Federal Reserve lowering interest rates in September may fall below 65%
My breakthrough strategy?! The following are all preliminary!!!!
Breakout above 118,882 to chase the rise, the confirmation point has been informed to fans! Want to know? Then follow me!
If it drops below 116,000, then the rebound will be weak and turn to bear.
Beware of the 'scorpion trend': false breakout at 119,000 to induce bulls before crashing to 115,500.
And the community 117,750 hedge positions are floating profits, and the core position allocation will be directly informed to my fans tonight!!
The market is like a compressed spring, the doghouse's butcher knife is hanging over the head! Want to get my stop-loss coordinates and main order flow tracking technique? Follow Chanquan, I will dissect the dealer's cards in the top Chanquan team on time today!!!