#加密市场回调 BTC The Truth Behind the Midnight Crash! Technical "Alligator's Mouth" Devours Bulls, News Contains Three Major Killing Moves!

Last night, BTC performed a "high dive" show, directly smashing out the "Alligator's Mouth Contraction" pattern on the 1-hour candlestick chart, the key resistance level at $119,887 was breached as easily as paper, and the support level at $117,004 is on the verge of collapse.

Technical Analysis: Bears have long planted a "time bomb."

Looking at this 1-hour candlestick chart, it is clearly a standard "Descending Three Methods" structure. Since August 14, BTC has been drawing a "downhill slide": high point at $124,545, iron ceiling at $119,887, resistance at $117,004, forming a perfect descending channel. Especially the large bearish candlestick last night directly consumed the gains of the previous three bullish candlesticks, yet the trading volume shrank by 30% compared to the previous day, indicating that the bulls had no effective resistance organized at all!

What’s even worse is the MACD indicator, where the fast line has crossed below the slow line forming a death cross, and the RSI indicator dropped from 55.94 to 44.54. This kind of "double death cross" combination is a "bearish pass" in the crypto world. Now the price is stuck at the support level of $117,004.