"Is the pullback after the surge a truck for unloading by the main forces, or a station for fueling the bull market? The K-line language is decoding it!"
Market dynamics.
THE violent surge tops Binance.
According to BlockBeats data at 15:40 on July 15: THE surged 29% in 24 hours, strongly occupying the top position on Binance, with yesterday's high reaching $0.428.
European giants increase investment in Bitcoin asset management.
The Blockchain Group announced on the same day at 14:13: plans to raise $7 million through capital increase, focusing on advancing Bitcoin asset management strategy, including financing terms to issue 1.1 million shares at €3.95 per share.
Key support defense battle on the technical front.
The current price has fallen below the 38.2% Fibonacci retracement level of yesterday's increase (marked as the second support in the chart), where the game hides secrets:
Bullish cards:
Yesterday's 29% increase with heavy volume established a short-term strong trend, with clear signs of main funds' involvement.
The dual benefits are still valid (sector heat + entry of compliant European capital).
If it rebounds above the support level of 0.4497 today, it is expected to form an 'air refueling' pattern.
Bearish chips:
Profit-taking pressure after the surge (the following funds at the top of Binance need to be digested).
Breaking below the key retracement support increases selling pressure, and we need to be wary of the risk of a deep correction to 0.4067.
Observation points for the long-short game.
Volume verification: If the rebound lacks volume support, there may be a trap to induce buying.
News conversion rate: The positive impact of European asset management needs to be observed for its ability to drive substantial benefits to THE's ecosystem.
Bitcoin linkage: If Bitcoin falls below the 110,000 mark, it will trigger a collective plunge in altcoins.
Can the frontline support from European capital and the halo of being at the top of Binance help THE regain momentum after retesting the support? When the price repeatedly tests the edge of life and death, do you think—if today's closing stands firmly above 0.4497, will it be the rallying call for a new charge? Let's discuss your thoughts in the comments!$THE #山寨季何时到来？
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