$BTC Who dares to catch the flying knives in the bloodied market?
The five-minute K-line of Bitcoin has formed a textbook-level coffin board pattern, with prices dropping from the morning session of 93,800 all the way to break through the 92,000 mark with increasing volume. The MA5 has crossed below the MA10, forming a death spiral, and the four-hour level moving averages are cascading downwards. The trading volume of the market maker has exceeded 12 billion USD throughout the day, especially with a wave of 1,260 sell orders at 15:00, which directly broke through the psychological barrier of 92,000, draining liquidity by 120 million USD. Technical indicators are all in free fall: MACD's underwater death cross has expanded to -380, RSI is lying dead in the oversold zone at 22, and the lower Bollinger Band is dropping 500 points every hour, with bears completely controlling the pricing power.
【Three Heavy Bombs in the News Ignite the Market】
On-chain monitoring shows Grayscale deposited 3,620 BTC to exchanges early this morning, creating the largest single-day selling pressure this month. The SEC has lightning-fast postponed the Fidelity spot ETF decision to August, completely blocking the entry channel for institutions. Even more deadly, a single transaction of 12,000 BTC appeared on Binance’s chain, triggering panic withdrawals from the exchanges. Under the three adverse conditions, long positions were liquidated for 560 million USD within 24 hours, with long positions accounting for as high as 91% of the liquidation volume, and the fear index plummeted to 14, the extreme fear threshold.
【Main Force Sets Up a Trap to Squeeze Retail Investors】
Currently, the market maker is crazily painting the door in the 91,500-92,000 range, with a sudden spike to 91,650 at 18:20 before violently pulling back to 92,500, precisely clearing 83,000 long positions' stop losses. The contract open interest surged by 42%, but the long-short ratio soared to an abnormal 2.1, indicating that leveraged retail investors are still flying into the fire. The hourly chart shows increasing selling pressure, with every rebound being accurately shot down by the VPVR's 92,500 heavy resistance area.
In terms of operations, do not touch any support levels in spot trading; if 91,500 is lost with volume, look directly at the 88,800 weekly chip vacuum area below.
For contracts, it is advised to open a short position on a rebound to the 92,300-92,500 range, with stop losses set above 93,000, and at least set the risk-reward ratio to 1:3.
Special attention should be paid to the current market depth being thin; a mere 300 BTC can trigger a 2% amplitude, and the market maker's series of liquidation traps have already been activated.
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