Institutions quietly withdrew 320 million, is $BTC 's rebound just a paper tiger? Whale layout exposed!
A rebound with low volume is just a paper tiger; a rise without volume is all just playing tricks! "Buddy, in this thirty-minute candlestick, there's just one word: grind!"
1. On-chain news aspect! Three major mountains!
1. Last night, net outflow of 320 million USD from U.S. ETF funds, institutions are cautiously short-term.
2. On-chain data shows that large holders have significant sell pressure with orders hanging at 119,000–120,000,
3. The Federal Reserve may not cut interest rates in September, macro sentiment still suppressing the market—don't be fooled by the slight price rebound, actual momentum is insufficient.
2. Latest technical aspects! Three major threats!
1. Trading volume has shrunk drastically: actual volume is only 356.15, far below MA9 and MA10, the market is highly cautious, and there is a clear divergence between volume and price, raising doubts about the reliability of the rebound.
2. Moving averages still show suppression: MA9 and MA10 are both above the current price, mid-term has not turned bullish, and moving averages have not formed a golden cross or bullish alignment, currently, it is just a corrective rebound.
3. MACD expected to oscillate around the zero axis: although it is in infinite value, from the narrow fluctuations and reduced volume, it can be inferred that MACD is entangled near the zero axis, with no clear directional signal.
Remember! A rebound without volume is illusory, be sure not to chase the highs!
I am Tang Seng, top technical support, only serving those with vision and ambition!
