"A golden cross is not a guaranteed safety net; the middle track reveals the true essence of bullish and bearish!"
The 1-hour K-line shows that BTC strongly rebounded from the lower Bollinger Band to the middle band (around 114,000), but multiple attempts to stabilize have failed, forming a sideways consolidation pattern. Currently, a golden cross has appeared, but the middle band pressure is obvious, and bullish momentum has not been fully released. The upper pressure zone concentrates at 115,000 (multiple overlapping resistance levels), while the key support below is at 112,000.
Key signals to watch:
If it breaks through 114,000 with volume, it is very likely to quickly attack the 115,000 resistance zone, even triggering a chain reaction of short stop-losses.
If the volume decreases and stagnates or breaks below 113,800, caution is needed for a pullback to the 112,000 support level, or even testing the strength of the lower Bollinger Band!
News is brewing beneath the surface:
Large institutions have been frequently placing orders in the range of 113,000 - 114,000, and on-chain data shows a surge in whale address activity;
With the Federal Reserve's interest rate decision approaching, market risk aversion is rising; if BTC breaks key levels, it may become a 'safe haven hedge'.
The funds from altcoins are flowing back to BTC, and the main funds are still observing the direction choice.
Mig's exclusive viewpoint:
"A golden cross is not a cure-all; the middle track is the touchstone!" The current market is essentially a battleground of bullish and bearish contracts, and retail investors are easily cleaned out by price spikes in either direction.
I personally believe that if we stabilize at 114,000 tonight, we should follow the trend and target 115,000+; if there is a false breakout followed by a rapid retreat, we need to decisively reduce positions to protect 112,000!
Retail investor's must-follow strategy:
For aggressive traders: chase the long if it breaks 114,000, stop-loss at 113,800, target 114,800 - 115,000;
For conservative investors: buy on a pullback to 112,500, stop-loss at 111,800, and increase positions upon breaking 114,000;
Short trap warning: Do not blindly short around 114,000!
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