Brothers, this market is simply writing the words "inducing more" on its face! Here’s a heart-wrenching truth for you: "Don't get too excited when the K-line rises, a shrinking volume is poison!" In three minutes, I'll show you how to see through the tricks of the market makers.
First layer: The naked truth of the market
Current price is $106,441.05, stuck at the MA7 moving average dead zone, with a 0.95% increase hiding a shocking secret — on the right side, there’s a sell wall at $108,000 holding back 355,373 short positions, which is 15% more than the short positions that crushed the ETH dream at $3,000 in March!
Even worse is the trading volume: the green bars during this morning's rise are 18% shorter than the red bars from the previous day's crash, resembling a man with erectile dysfunction trying to act tough. The capital flow is even more bizarre: out of a net inflow of 339 million, Grayscale ETF sneaked away 872 BTC, but retail buy orders on Coinbase shrank by 18%, this is clearly institutions deceiving with one hand while profiting with the other!
Second layer: The technical death line
Two doors of life and death:
• Ghost Gate: $108,000
• Bridge of Helplessness: $104,000
Current RSI at 69.8 is all about the thrill — just 0.2 points away from the overbought line at 70, the market makers' control is precise to the point of being infuriating! Coupled with a funding rate of 0.012% and a liquidation heat map at $107,500, I’ve seen this script before: last December's false breakout before $44,000 was also this deadly!
Third layer: Tonight's explosive danger zone
Federal Reserve's Waller hawkishly states: "No rate cuts in September", U.S. stock futures have already collapsed, Binance had 355,373 contracts split at 16:23, and at 20:30, the U.S. PMI data will be released, causing the volatility index to soar to 82.
Life-saving operation manual
• Current price at $106,441, first reduce positions by 30%, chase after breaking $108,300 with a volume increase of 2 times.
• Limit order ambush: $104,200 to catch a needle, short on breakout at $108,000.
• Stop-loss line must be drawn below $103,800.
Finally, a soul-crushing blow: remember "If it should break but doesn't, a disaster is certain"! Tonight at 8:30, it will either be an explosive rise of $10,000, or a tragic plunge of $1,000 — prepare a first-aid kit in the live stream, I’ll take you to lick blood at the knife's edge!
As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Like + comment + follow, and I’ll take you through the bull market to firmly grasp this round of great opportunities!
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