Is the institution secretly accumulating shares? Is it a trap or a precursor to takeoff? Bulls, pay attention!
Although the buying and selling power of the main force at $BTC appears balanced on the surface, three of the top five transactions involve large orders focused on accumulating over $60 million, precisely positioned in the key support zone of 113333—113511. Such large buy orders are typically led by institutions.
From a technical perspective, although it shows weakness operating below EMA24/52, the top formation and hanging man candlestick release bearish signals, the J-value is extremely oversold combined with retail investors' pessimism hitting the bottom, which rather strengthens short-term rebound expectations. If the main force continues to accumulate shares and breaks through the 114000 resistance level, it will open up rebound space; however, if it loses the 112000 support, it may trigger a selling reaction.
Feng Ge believes that the main force accumulating at key points is certainly not a coincidence, combined with the rising expectations of interest rate cuts in September and institutional liquidity support, the market is brewing a counterattack.
But beware of the main force's common tactic of "fake orders to lure buying"—some short-lived large orders are merely to test market depth, the real direction depends on whether the subsequent large order transaction rate and premium index can turn positive, closely watch the 112000—114000 box breakthrough, breaking the position means following the trend.
For specific operational strategies, I will share publicly next. If you want to bottom fish in the mainstream but don’t know how to start, or if you’re unsure when to lay low, then why not follow Feng Ge’s pace!!!
