The market does not lie, but candlesticks can draw doors — when the Bollinger Bands narrow into a line, it will either surge or plummet, there are no middle options! Market snapshot: Shrinking volume, countdown to a trend change.
From the 30-minute chart, BTC is playing 'sit-ups' in a narrow range of 118000-119000.
Bollinger Bands (BOLL) have narrowed into a 'skinny belt', upper band at 120158, lower band at 118138, middle band at 119148 — a typical 'calm before the storm'. MACD golden cross below water failed, DIF and DEA are stuck together (-269 vs -223), green bars shrink to a needle (-93.74), indicating both bulls and bears are playing dead. Trading volume shrank to 561 (normally 800+), OBV line is flat, retail and institutional investors are waiting for direction.
Key Support and Resistance Levels:
Upper Resistance: 119000 (psychological level) + 120200 (Bollinger upper band) Lower Support: 118000 (intraday low) + 116000 (previous low)
Personal View of the Great Sage:
This market resembles the 'Market Maker Door Week' in May 2024 — at that time BTC was flat at 60,000 for 3 days, then plunged to 55,000 and was pulled back to 63,000, with 500 million dollars in liquidations. History doesn’t repeat itself, but it always rhymes.
Operating Strategy: How can retail investors 'snatch food from the tiger's mouth'?
1. Spot Traders:
Buy in batches below 118000 (set orders at 117800, 117500), stop loss at 116000. Don't chase above 119000! Horizontal breakout often comes with 'false breakouts', wait for a pullback confirmation before entering.
2. Contract Player:
Break above 119200 to go long, target 120200, stop loss 118800. Break below 117800 to go short, target 116000, stop loss 118300.
Warning: 100x leverage is equivalent to gambling with your life, it is recommended to mentally repeat three times before opening a position: 'The market will punish the greedy'.
3. Zen Party:
Turn off the candlestick chart, go pet a cat — this kind of market fluctuation is not worth the gas fees, better to wait for CPI data to be released before engaging again.
When everyone is focused on $BTC 119000, the market maker might directly drop it to 116000 for a shakeout! After tonight's CPI data, I will reveal the main fund movements in my fan group, click to follow to avoid being cut!
