BTC today is like an old brother stuck in an elevator—unable to go up or down, $114,000 has become the main battlefield for bulls and bears!
The current movement of Bitcoin resembles a meat patty stuck in a hamburger—there's pressure both above and below, unable to move. The latest price is stuck at $114,066; looking upward, the pressure levels at $11,4800-$11,6100 are like two mountains, with miners' selling pressure and trapped positions lurking there; looking downward, the support band at $11,2600-$11,1648 is like a group of "old friends" ready to catch the falling knife, ready to buy the dip if it drops sharply.
Indicators are fighting, sideways signals are maxed out:
The MACD just popped a small red bar, as if it's struggling to move but the DIF and DEA lines are still lurking underwater, indicating that the bulls are currently "fake fat," and the hand lifting the barbell is trembling.
The three RSI brothers (6/12/24 hours) are all squeezed in the ambiguous range of 50-62, resembling three retail investors squatting in the corner playing rock-paper-scissors—none dare to make the first move.
The trading volume is extremely calm, reduced to the point where you can hear a pin drop, a typical characteristic of a volatile market: big players are watching, while retail investors are conflicted.
Dragon Brother's Opinion:
This kind of market is most punishing for "impatient" traders. Last month, a fan crazily chased the price at a similar position and was slapped down by the pressure level at $116,100, and before getting liquidated, he asked me, "Wasn't it said to be a bull market?"—There can be meat grinders even in a bull market! The current strategy is summed up in one word: wait!
The key to breaking the deadlock lies in two points:
Breaking through scenario: If it can break through $114,800 with volume, it could be like last week's ETH breaking a key level and soaring 8% in a single day, BTC might enter "frenzy mode," targeting $120,000. But if it only rises without increasing volume, it’s likely a "false breakthrough," referring to the disastrous pump in May.
Market crash warning: If it falls below $112,600 with accompanying high volume, fasten your seatbelt! The flash crash in March started from a similar support level breakdown, dropping 15% in 24 hours.
Old Bai's Secret Monitoring Skills:
Sneaking a peek at the dealer's cards: Use CoinGlass's liquidation heat map to focus on the short position accumulation area above $114,800; these are like "fuel," and once broken, it will trigger a short squeeze.
Keep an eye on USDT premium: The current premium is 0.99%. If it suddenly soars above 1.5%, it indicates that Asian aunties are entering with huge sums, increasing the probability of a price rise by +50%!
The current market is like the calm before the storm—either there will be a super big move or the table will be flipped directly!#BTC走势分析
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