$BTC is now standing at the crossroads of life and death, whether the coins in your hand will lead to profits or losses might be revealed in the coming days!
Bitcoin is wildly oscillating in the "pressure cooker" between 113,000 and 115,000 USD, both bulls and bears are fighting fiercely, with 12,000 BTC sell orders stacked at 115,000 USD, acting like a wall pressing down the price;
However, at 113,000 USD, institutions are secretly "bottom fishing". The technical indicators show that the fluctuation range on the 4-hour chart has been compressed to only 1,100 USD, with various indicators stuck in a stagnant position. But once it breaks through 115,300 USD, shorts will collectively get liquidated, directly pushing up the buy orders by 62.5 million USD, and the price could "whoosh" up to 116,500!
The probability of the Federal Reserve cutting interest rates in September has soared to 93.6%, the dollar is set to fall, and Bitcoin, this "digital gold", is naturally being sought after; yet institutions are "singing the opposite tune", with giants like Fidelity and BlackRock quietly selling 5,509 coins. However, the Bitcoin treasury company bought back to hedge, with a net inflow-outflow ratio of 1:1.3. The market is neither panicking nor celebrating.
Here comes the key point! Short near 115,000 USD and go long between 113,000-113,500 USD; if it breaks through 115,300 USD, wait for a pullback to 114,800 USD to chase long, aiming directly for 116,500!
Now is the time for high selling and low buying in the "oscillation box". Don’t panic before the breakout, trading on the right side is the safest; the mid-term bull market hasn’t changed, and pullbacks are just opportunities to get on board!
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