BTC false breakout, it's all tricks inside! Large funds may be waiting to pick up bargains at 79,000 points
Friends in the crypto circle, keep a close eye on the 4-hour candlestick chart! BTC surged to $83,166 this morning, but in the blink of an eye, it was smashed back down to $82,794.
Look at that 1-hour chart, the trading volume shot up, and the price directly fell out of the ascending small channel. I counted several times, and now the price is being held down firmly by that 200-day moving average—also known as $83,897. The RSI indicator is also sliding down sharply, falling from 54.8 to 42.7. In this wave of operation, at least $290 million in positions were liquidated.
ETH's price compared to BTC is also rising frighteningly, at 0.0638, which is simply a harbinger of the “apocalypse chariot.”
Over at the exchanges, the atmosphere is tense, with a large sell order of 18,000 BTC lingering on Bitfinex, swinging between $83,500 and $84,000, clearly set up by the market makers to lure people in. The options market also hides mysteries, with $430 million in put options expiring on March 22, concentrated in the range of $79,000 to $80,000, indicating that the market makers are planning to break the market openly to profit from options.
At this moment, anyone who dares to easily go long is just giving money to the market makers! I must say, I know a thing or two about these matters in the crypto world; I've seen plenty of the main players' tricks. In this wave, I estimate there’s at least a 30% volatility range to reap some benefits.
Next, I will prepare some suitable coins for bottom fishing as a recovery plan. If you're feeling confused and helpless, leave me a message so I can see you; choices are more important than effort!
