Crypto Market Today: Is the Surge Unstoppable? The Correction Alarm Has Sounded!
Bitcoin has surged past $116,000, with mainstream coins following suit, and the market is in a frenzy?
Wake up! The technical indicators are flashing red: a shooting star on the hourly chart + double top pattern, KDJ death cross, heavy selling pressure at $116,000-$117,000 resistance, and glaring overbought signals.
Be cautious with the capital flow: while the main players are net inflowing, they also dumped $2.21 million in sell orders, and whales are transferring coins to exchanges—Is this the prelude to cashing out?
Isn't the lesson from the 2021 high chasing enough? The sword of regulatory Damocles is also hanging above.
Advice: For those holding positions, take some profits; for those who haven't entered, don't rush in. Keep a close eye on support levels, and if the wind changes, pull out quickly!
