Brothers, take a look at martial arts brother's freshly baked BTC 4-hour chart. Is it making your eyelids twitch? The price is stuck bouncing between 123000 and 123500 in this 'little alley,' like a 'hot potato,' a standard oscillating grind market! The red and green bars switch back and forth, reflecting the mutual struggle between buyers and sellers, neither willing to back down, making the market feel like a 'tightly wound spring.'
The yellow line presses down like a mountain: The bright yellow line on the chart is the 'short-term ceiling' that we insiders are keeping a close eye on, firmly pressing down near 123500. Did you notice? Every time the price tries to bounce up to touch the ceiling, it is immediately slapped down by this 'yellow tiger'! This signal is very obvious: large funds and early profit-takers, upon seeing this price, want to 'cash out' or place orders to prepare to smash it. Wanting to break through this level with real money? Difficult!
The purple line supports the bottom like an air cushion: The purple line below is recognized as the 'strong support bottom line,' firmly resting around 122800. It really resembles a 'safety cushion'! The market has seemed to be in free fall several times, but whenever it drops to this vicinity, there is always some mysterious force that intercepts halfway and pushes the price back up. This indicates that below 122800, there are brothers who think, 'This price is worth it!' temporarily supporting it.
Martial arts brother's insights hit hard: Just looking at the chart is not enough. Last night and this morning, two currents of 'underflow' are key:
The Americans are regulating 'old tunes with new performances': Reuters reported this morning that the SEC and CFTC are plotting new regulatory drafts again. Although this is the norm, the market is currently like a 'frightened bird'! When large off-market funds see this situation, they directly 'wait and see' three times, not daring to enter the market. On-chain data also confirms: there are large amounts of BTC transferred to exchanges, but the total does not constitute a one-sided drop, and the main players are 'jumping left and right,' very conflicted.
On the ETH chain: Last night, there was a small incident on the Ethereum mainnet, but this moment made the already tense heart skip a beat. As a 'shanzhai barometer,' when ETH sneezes, BTC catches a cold. Today's mainstream coins collectively seem weak, which is evident proof.
Today's trend refined judgment:
Main theme during the day: 99% in the 'matchbox' of 123000 - 123500, trying to break through 124000 or drop below 122500? As difficult as climbing to the sky! Unless a nuclear-level unexpected news happens.
Martial arts operation manual
Newbies/Buddhist party: Close the software and enjoy life! Being out of the market is victory! If you must play? Remember the 'wait' strategy! Only when there's an effective breakthrough above 123500 and it stands firm, or an effective drop below 122800, is your entry signal! Moving now? You are just working for the exchanges!
Remember: A small gamble is enjoyable, but never go heavy, and absolutely do not resist hard! Keep a close eye after 4 PM; this is the 'golden hour' for the big players to stir things up.
When will the oscillation cage be broken? Where is the secret of the turning point hidden? Is it the Fed's windfall at the end of the month? The regulatory iron boots finally landing? Or a midnight raid by a giant whale?
Martial arts brother's 24-hour radar has been activated! Tomorrow morning at 8, I will exclusively present on-chain anomaly decoding, large order flow tracking, and turning point node sniping guide to help you sense 'the wind rises from the edges of the green reeds.' Follow martial arts to see the trend clearly and take the lead in positioning! The crypto market is turbulent.
Still the same saying: The market is never short of opportunities, but lacks the eyes to see through the tricks. Follow me for top-tier team support, only serving ambitious lunatics.