In-depth technical analysis: bullish momentum is exhausted, and the bear army is pressing!
From the one-hour K-line structure, BTC briefly surged to the previous high support area, but has shown obvious signs of stagnation near 112500! Even more critical is that the upper level of 113300 has formed a 'strong pressure fortress', and the委比 data reveals that the main force has placed large-scale sell orders (委比 -0.86%), with selling power far exceeding buying power! What does this mean? - The main force is setting up defenses at high positions, enticing bulls to sell off!
Carefully observe the order details: a continuous large sell order appears near 111922, while buy orders are scattered, fully indicating that the bullish power is dispersed and the bears are gathering strength for a counterattack. Once the price fails to effectively break through 113300, a pullback will be inevitable, with the first target directly pointing to 111400 strong support area!
News is surging: whale movements + policy storms are rising again!
On-chain data shows that multiple whale addresses are frequently transferring large amounts in the range of 112,000~113,000, suspected to be taking profits in batches;
Market rumors suggest that the US SEC is about to conduct a new round of inspections on crypto ETF derivatives, and short-term liquidity may tighten;
The US dollar index DXY suddenly surged, global risk assets are under pressure, and BTC finds it hard to stand out!
Retail trading Bible: Better to miss out than to make a mistake!
Never chase highs! The area of 112,500~113,300 has become a high-risk zone, do not blindly go long;
Buy the dip? If it drops to the support level of 111,400 and a stop-loss signal appears (long lower shadow + volume rebound), you can try to go long with a small position;
Strict risk control! Regardless of long or short, a stop-loss must be in place! It is recommended to control the stop-loss range within 1%~2%;
Focus on breakthroughs! If it unexpectedly breaks through 113,300 and stabilizes, then you can follow the trend to go long, otherwise treat all as oscillation adjustments!
Market forecast: Short-term adjustments are inevitable, but the medium to long-term still belongs to a bull market!
Iron Eagle's judgment: BTC is likely to peak and fall in the range of 112,500~113,300, with the first adjustment target at 111,400 and the second target at the psychological level of 110,000! However, the medium to long-term bull market pattern remains unchanged, this adjustment may be an excellent buying opportunity!
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