Technical analysis: Bollinger Bands opening + golden cross resonance, bullish momentum is building up.
From the one-hour chart, BTC has currently strongly broken through the middle Bollinger Band and is approaching the upper band, with the yellow and white lines forming a golden cross. The moving average system is in a bullish arrangement, and the MACD continues to run above the zero axis, indicating a strong short-term trend!
Key levels are as follows:
Support level: 111,000 (middle Bollinger Band + liquidity dense area)
Key level: 112,500 (bull-bear dividing line)
Resistance level: 114,000 (upper Bollinger Band + dense area of liquidation heat map)
If the price can hold above the key level of 112,500, it is highly likely to test the resistance level of 114,000 upwards!
Once the volume breaks through, the Bollinger Bands will further open, creating an upward space to the range of 116,000-117,000!
Catalyst from news: Fed's policy easing + institutional capital flow surging
Market expectations for the Fed's interest rate cuts in September are heating up, and expectations for liquidity easing are boosting the preference for risk assets.
BlackRock, Fidelity, and other BTC spot ETFs continue to see net inflows, with major institutions' holding costs concentrated in the range of 110,000-112,000, forming strong support.
Attention! If it breaks through 114,000, it will trigger a large amount of short liquidations, potentially leading to a 'short squeeze'!
Mig's view:
Main force trap or true breakout? Key signals that retail investors must watch!
I believe the main force is currently using technical breakthroughs to lure in follow-up trading, but the liquidation heat map shows a dense area of short liquidations above 114,000. If there is a rapid rise, it may trigger profit-taking sell pressure!
Retail operation suggestion:
If it retraces to 112,500 and does not break, you can gradually build long positions;
If it breaks through 114,000 with volume, chase long positions but strict stop loss is required (113,000);
Hidden clue: Whether it can stabilize at 112,500 is crucial! If it breaks below, it may retrace to the support at 111,000, at which point I will prompt the next action in the community!
Follow Mig to unlock key levels for the future market!
If you want to catch this breakout trend, be sure to keep a close eye on the two points of 112,500 and 114,000!
I will analyze the main fund's movements and on-chain data in real-time in the fan group to predict the turning points in advance!
