Event snapshot: $120,000 roller coaster
Last night, Bitcoin hit a historical high of $123,236, and this morning it plummeted to $118,200, with a 24-hour volatility of 3.5%! In the afternoon, bulls launched a surprise attack, and the price strongly rebounded to $121,000, with a daily increase of 2.8%. A total of 132,000 people were liquidated, with $362 million evaporated, and long positions accounted for 76%.
Three major culprits of the crash
Inflation data suppression: U.S. June inflation year-on-year at 2.7% exceeds expectations, Fed's interest rate cut expectations delayed causing capital outflows.
Whales concentrated selling: Mysterious address reduced holdings by 15,000 BTC in one day, triggering programmed follow-up selling.
High leverage liquidation: Over 75% of accounts use more than 5x leverage, and a 3% fluctuation triggers a chain liquidation.
Hidden hook: The on-chain code for the rapid rebound after the crash will be revealed tonight.
Three major signals for counterattack
Rapid drop to wash the market, the bull market is crazier!
Institutions counter-cyclically bottom-fishing: BlackRock Bitcoin ETF increased holdings by 8,200 in one day, with exchange inventory dropping to a new low of 15.1%.
Technical strong support verification: $118,000 becomes the bullish defense line, aggregating the 100-day moving average and dense chip area.
Policy expectations fermenting: Trump pressures the Fed to cut interest rates, historical data shows that during liquidity cycles, Bitcoin's average increase exceeds 150%.
Retail investors' three countermeasures
Spot strategy
Urgently break $119,000 and decisively accumulate positions, institutional costs are concentrated in the $118,000-$120,000 range.
Key layout for ETH, ETH/BTC exchange rate at 0.055 is at a three-year low, with ample recovery momentum.
Contract tactics
Break through $122,000 to pursue long positions, quickly enter at $118,500 to reverse and go long.
Leverage strictly controlled within 3 times to avoid drastic volatility risks.
Trend ambush
Interest rate cut beneficiaries: $ENA (stablecoin protocol), $MKR (interest rate speculation tool)
Convergence volatility theory
"$120,000 is merely a stop in the bullish market! Historical data reveals: each time a new high retraces to the 8% area, it serves as the last window for entry before the breakout."
#BTC再创新高
Last question: Will you be a lifelong 'leek' (retail investor), or will you focus on convergence to become the next 'big earner'? — At the moment of choice, the candlestick is watching you.
