'The wolf coming isn't scary; what's scary is that the wolf really comes, and you didn't bring a shotgun!' My friends, the market is shouting 'the wolf is coming' again, and this time it's targeting the key 'floor' of 115,000 USD!
News interpretation
Institutional movements: Recently, the selling pressure from Grayscale's 'big whales' seems to have eased a bit, but it can't withstand the inflow speed of other ETFs, which seems to have hit the brakes! With the money coming in slowly, the market is having a hard time catching its breath.
Macroeconomic variables: The old men and women at the Federal Reserve are talking every day about 'inflation still being high' and 'interest rate cuts depend on the situation', making the market feel anxious, and hot money doesn't dare to rush in to play with coins.
Market sentiment: Have you noticed that the voices in the forums and groups have shifted from 'charge, charge, charge' to 'let's wait and see'? As FOMO cools down, profit-takers and the timid want to run for cover.
Technical breakdown
Key support level: The position of 115,000 USD is not just casually mentioned! This is an important 'springboard' during the previous violent surge and is also near the Fibonacci retracement level that many technical experts are watching. Simply put, this is a 'strategic stronghold' that both bulls and bears must compete for!
Demand test: When the price falls to this level, we can truly see how much 'real money' is willing to take over at this price. If it holds, it indicates that the 'floor' is solid; if it can't hold... then we might have to look for a deeper 'basement'.
'Braking' signal zone: This area is usually a 'buffer zone' for short-term overselling; when the bears are exhausted, the bulls might find an opportunity to step on the 'brake' and organize a counterattack.
Personal opinion: Brothers, don't panic when you hear 'downward probe'! In my view, a healthy bull market doesn't have K-lines that only rise without falling; there are only floating funds that can't be cleaned up! A pullback to key support is like pouring a bucket of cold water on an overheated engine; in the long run, it's actually a good thing!
Conclusion
So, my friends, keep an eye on it! If Bitcoin really goes to 'touch' 115,000, don't just slap your thigh and shout in pain; this might be the 'golden bottom roadmap' the main force is sending you! The key question is: do you dare to pull the trigger at this position? Is your position management done well? Follow Fengbao; once the 'floor test' signal appears, I'll light up in the real trading group immediately to show you whether this is a 'trap' or a 'penny pie'!
For the upcoming layout direction, I plan to lead everyone to find those arbitrage opportunities in altcoins. Expecting a return of ten times is definitely not a problem. Like and leave a message, and I'll take you all to layout the entire bull market!
