3.17 BTC Real-time Simulation! Current time 15:20
The manipulators are playing tricks! BTC's five-minute line is stuck at $83,256
Watching the market makes one’s brain hurt, MA3 ($83,259) and MA30 ($83,198) are strangling each other, with prices shrinking around $83,256, playing an ECG. The manipulators have locked in a sell wall of 2,700 units at $82,500 (2.2 billion ammunition), with volume shrinking to a mere $970,000, and both bulls and bears are waiting for tonight's Powell FOMC to drop a nuclear bomb
Technically disgusting: the hourly Bollinger Bands have shrunk to a single line, the MACD fast and slow lines are crossing under the zero axis to trick traders, and the KDJ three lines are clinging together purely as a fishing tactic
News explosions in succession:
Kentucky HB701 bill passed unanimously on March 15, what a joke of good news (currently still lying dead on the governor's desk)
On-chain CryptoQuant data hits hard, the number of new Bitcoin addresses has plummeted to a three-month low, institutional wallets have had zero increases for seven consecutive days, and the SEC has once again stalled BlackRock's ETF modification application, clearly not allowing new funds to enter the market
ETH/BTC exchange rate has broken below 0.055 exposing capital flight, the altcoin graveyard opened overnight: SOL on-chain TVL evaporated by 18% in one day, and PEPE whales dumped 3.2 trillion chips into Binance at midnight, buying the dip at this time equals sending heads to the manipulators
Technical deadlock is clear:
The long-term daily line is filled with consecutive red candles and a single green candle hiding bombs, prices are stuck below MA30 ($83,400) feigning death, the MACD golden cross but the fast and slow lines cling below the zero axis is purely bluffing. The four-hour chart is even more horrifying, after a spike to $82,350 at midnight, it rebounded to $83,300 and immediately faltered, Bollinger Bands are narrowing + KDJ dead cross suggests a trend change is imminent. The upper resistance is firmly at $82,600 weekly, while the lower bullish graveyard has been breached at $80,600; if it breaks through, look directly at the iron bottom at $78,500
Old-fashioned operation guide (not authoritative): Don’t duel with the manipulators
Spot traders place buy orders below $78,500 to scavenge, but don't go all in! The manipulators will likely kill it down to $77,500 to blow up the bullish leverage before reversing to pump the price
Contract traders remember $83,000-$83,300 is the short position, with a stop-loss at $83,800, and the target directly aiming at the breakdown line at $80,600
In this market, the manipulators are waiting for the Federal Reserve to send hawkish signals for a double explosion; those who are stubbornly all in will eventually end up in the graveyard.
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