Mig sees through the K-line, behind the code is human sentiment.
Technical analysis: A death cross hides bullish energy.
Although the current 1-hour K-line shows a death cross state, the price is strongly rebounding from the lower Bollinger band to the middle band, indicating that the bulls are gathering strength!
The key resistance level of 112,000 has become the dividing line between bulls and bears—once it breaks with volume, the upward momentum will directly target 114,800 (first resistance level) and even challenge 117,400 (second resistance level)!
The strong support below is at 108,600. If it bounces back without breaking, it will be an excellent opportunity for the bulls to exert force again.
It is worth noting that although the star energy indicator has not reached a new high, the double lines show obvious signs of recovery. If the subsequent volume supports this, the death cross may be quickly repaired!
The liquidation heatmap reveals a secret: the bear's grave has already been dug!
The Binance BTC/USDT liquidation heatmap shows that the upper concentrated liquidation zone is between 114,000 and 115,000 (the red area in the chart). This means that once the price breaks 112,000, bears will face massive liquidation, which will instead accelerate the price increase!
The current liquidation intensity has reached 46.2 million USDT, and the peak of the heatmap is moving upwards, indicating that market leverage is biased towards bears, and a liquidity trap is forming— as long as the bulls take advantage of the trend to pull up, the bears' stop-loss orders will become 'rocket fuel'!
Blogger Mig's opinion: Lay in ambush for the bulls and keep a close eye on these two signals!
Breaking through 112,000 must be accompanied by volume! If it breaks with low volume, be wary of a false breakout and a subsequent drop;
Key news cooperation: Recent expectations for interest rate cuts by the Federal Reserve have risen + institutional ETF capital inflow. If the positive effects ferment, 117,400 is by no means the end!
Warning: If BTC stabilizes above 114,800, the next key target will be the psychological barrier of 120,000!
But when exactly will the force be exerted? Can it break through in one go?
Follow Mig to gain first-hand information and in-depth analysis, quickly narrow the gap, and seize the opportunity!