$BTC Giant Whale Turns 8500 Coins! Three Major Dangers Hidden Behind Shrinking Volatility!
Attention! Shrinking consolidation is not a bottom, but a sharp decline with volume must have something behind it.
Currently, BTC is repeatedly testing around the volatile area, and the market is in a stalemate. From the hourly chart, both bulls and bears are waiting for a clear signal to break the deadlock.
1. Latest Technical Analysis: Three Blades!
1. MACD Divergence Signal: Although the MACD histogram has turned positive, the DIF and DEA are still in the negative zone, indicating that the medium-term downtrend has not reversed yet. This pattern often requires a second confirmation of the bottom; do not be misled by a short-term rebound.
2. Volume Warning Signal: Actual trading volume is less than half of the 5-day average, indicating a significant lack of market participation. Estimated trading volume exceeds actual volume, suggesting that the main force is testing the waters secretly, waiting for the right moment to launch an attack.
3. Obvious Moving Average Pressure: Prices are constrained by the dual pressure of MA5 and MA10, with each rebound near the moving averages encountering selling pressure. Until the bearish arrangement changes, all rebounds should be viewed as opportunities to reduce positions.
2. Latest On-Chain News: Three Key Points!
1. The proportion of BTC held on exchanges has dropped to 11.8%, a five-year low, indicating strong reluctance to sell among long-term holders.
2. USDT reserves on exchanges have increased to $32.6 billion, indicating ample potential buying funds.
3. A whale address has transferred 8,500 BTC to exchanges, raising concerns about short-term selling pressure risk.
Remember! The market is at a critical decision-making point; the calm before the storm is often the most torturous.
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