BMT Meat Grinder Market: 0.2461 forms a long-short slaughter line, main force's bottom cards all exposed
Technical Death Cross
BMT's 1-hour chart is stuck at $0.2424, continuing to consolidate. MA5 ($0.2406) and MA10 ($0.2461) form a death cross, suppressing prices. The Bollinger Bands' upper and lower bands have narrowed to $0.2230-$0.2790, with the middle band at $0.2510 acting as a short-term ceiling. MACD's dual lines are stuck below the zero axis at 0.013/0.014, with green energy bars shrinking to their limit. The KDJ three lines are collectively trapped in the oversold zone (J value 17.58) — this pattern is not a bottom signal, but a typical main force control trap!
On-chain Evidence
Trading volume has shrunk to 91.97 million pieces, and on-chain monitoring has detected concentrated large sell orders near $0.2388, suspected to be large holders suppressing prices. More dangerously, the futures position is stuck at 81.89 million pieces with no fluctuation, while the funding rate remains at -0.12%, indicating that the main force is pressuring prices in the spot market while laying out short positions in the futures market. The current price structure is highly similar to the March 14 BTC oscillation structure, both creating a “false bottom” illusion through shrinking volume.
Macroeconomic Environment Pressure
Today, the US Dollar Index rebounded to 104.3, suppressing risk assets, while the Nasdaq Index fell 1.2% in the early session, dragging down the cryptocurrency market sentiment. BMT's market cap ranking has fallen outside #450, with a 24-hour turnover rate of only 9.8%, and the liquidity crisis has intensified the main force's control — in this environment, any “breakthrough” could be countered.
Iron-Fisted Operation Manual
Defensive Line: $0.2388 light position attempt to go long, must stop loss below $0.2230
Risk Zone Line: Everything above $0.2461 is a hedging area, initiate short positions on volume-less rebounds
True Breakthrough: Requires a 20% volume increase in 1 hour to break through $0.2790 before chasing the rise
The current price is at the mirrored position of the March 13 BTC “false breakthrough,” and the main force is likely to replicate the “induce long - smash the market” script. Remember! Under the dual strangulation of the US Dollar Index pressure + market shrinkage, those who have quick hands and slow cutting, having no position is the top position!
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