#加密市场反弹 Bitcoin violently spiked to 88877! Giant whale selling pressure + top divergence resonance, is the dog farm painting the door or is it a bull market correction? #加密市场反弹

In the morning, the big coin sluggishly rose from 84500, but suddenly spiked violently to 88877 in the afternoon, instantly blowing up 380 million USD in long and short leverage. The dog farm's spike was both precise and fierce, leaving a long upper shadow on the daily chart, clearly indicating that the selling pressure from older investors above is immense.

4-hour MACD has a golden cross above water and is still increasing in volume, indicating that the bulls are not completely dead, but the hourly chart's top divergence has already issued a clear warning—if it cannot break through the 85000 level, a pullback to 83500 to wash the leveraged dogs is highly probable.

Technical analysis: Top divergence and giant whale selling pressure resonance

On-chain data shows that around 88800, there is a concentration of giant whales offloading, with a single address transferring over 4000 BTC in one day, perfectly matching the technical resistance level.

This operation is most likely a tactic by the dog farm in conjunction with the giant whales to play the “good news turning into bad news” game, using Trump's lock-up good news to pump the price while distributing chips at high positions, repeatedly harvesting the contract traders.