#加密市场回调 BTC Midnight Crash Truth! Technical "Crocodile Mouth" Devours Bulls, Three Major Hidden Strikes in News!

Last night, BTC staged a "High Dive" show, the 1-hour K-line chart directly smashed out the "Crocodile Mouth Contraction" pattern, the key resistance level of 119887 USD was breached like paper, and the support level of 117004 USD is on the verge of collapse.

Technical Analysis: Bears Have Long Laid the "Time Bomb"

Looking at this 1-hour K-line chart, it is clearly a standard "Descending Three Methods" structure. Since August 14, BTC has been drawing a "Downhill Slide": high point at 124545 USD, firm resistance at 119887 USD, and support at 117004 USD, forming a perfect descending channel. Especially last night’s large bearish candlestick 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 did not organize effective resistance at all!

What’s more deadly 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 "Double Death Cross" combination is a "Bearish Pass" in the crypto circle. Now the price is stuck at the support level of 117004 USD.

News: Three Major Black Swans Attack

Regulatory Sword Hanging High: It has been revealed that the US SEC is drafting new regulations for "Crypto Asset Custody", requiring institutions holding BTC to reserve 200% reserves, directly scaring away Wall Street funds.

Miners' Collective Betrayal: Bitcoin has seen a 15% drop in hash rate over three days, and miners have started selling BTC for cash flow; on-chain data shows that a certain whale address transferred out 5000 BTC within 24 hours.

Traditional Market Impact: Last night, US tech stocks crashed, with the Nasdaq index falling by 3%, and funds withdrew from risk assets comprehensively, making the crypto market the "first flood outlet".