Death trading volume! 30k volume acts as ballast, the market makers are waiting for the CPI bomb to trigger a hundred billion liquidation
Right now, this market looks like an ECG, with prices stuck around the middle Bollinger Band at 1588, struggling fiercely, with the upper and lower bands confined to the extremely narrow range of 1593.5, showing obvious signs of market maker control. The trading volume has shrunk to a thin line, indicating that both bulls and bears are playing a psychological game, waiting for the CPI data tonight to explode like a bomb.
The Bollinger Bands are closing in to the extreme, a shift is imminent with these few candlesticks' MACD sticking near the zero axis, RSI in the neutral zone playing dead, a typical calm before the storm. Above 1593.5 is a high-pressure line; if it holds, it might surge below 1600. If 1588 breaks, it’s very likely to spike down to the strong support at 1580.
At this position, don’t rush to take sides; the market makers are just waiting to explode the contracts. Before the CPI data, protect your principal. If it breaks 1593.5, go long; if it crashes through 1588, short it, but you must set a stop loss at 50. Beware of spikes in both directions; this market is notorious for its unpredictability!
On-chain monitoring has detected a giant whale placing an order for 3000 ETH at 1580. Tonight could either see a massive rally to liquidate the shorts, or a dump to kill the bulls; blood must be seen – as for how to respond, stay tuned for the CPI data interpretation at 8:30 PM tonight, guiding you through the first wave of trends!
As the saying goes, with liquidations stacked high in the chart, when the price arrives, people are pulled away, retail investors follow suit with liquidation orders, and the market makers feast while you get the leftovers. If you want to precisely grasp the market, strategies will be shared in real-time, with key levels discreetly disclosed. If you want to witness it all, follow me.
