Bitcoin Early Morning Price Action: 93,000 Life-and-Death Line Determines Everything!
The market maker executed a textbook-level price action this morning, first pushing to 94,500 to liquidate short positions before slamming back down to 93,400 to wipe out the longs, clearing 4 billion contracts with sharp price spikes. The current price is stuck at 93,500, pretending to be dead, with the middle band of the Bollinger Bands at 93,150 being the critical point for both bulls and bears. If this level breaks, we’ll directly look at 92,800 as the continuation platform; if it holds, we could still see a rebound to 94,000. The MACD red bars have shrunk to a pin, and the yellow and white lines are death-crossing, hanging on the edge of a cliff, clearly indicating that the bulls are out of ammunition. This reflects how precise our trades are, and I will share the details shortly for everyone to see.
1. Institutional Buying vs. Macro Bombs
The market is as cold as the Arctic, with daytime trading volume so low that even the market makers are reluctant to act; it all depends on whether the U.S. stock market can bring in volume tonight. The news is a tale of two extremes—Trump suddenly calls for tax cuts, and institutional giants like BlackRock and Fidelity have bought 60,000 BTC in three days, while MicroStrategy has boldly stated it aims to buy up to 100,000. But let me be clear: this week, the PCE and Non-Farm Payroll reports, two macro bombs, have yet to drop, and the market makers are definitely holding back some tricks, so anyone charging in without thought is just handing over their heads to the main players.
2. Contract Graveyard, Spot Trading Wins
The 200-dollar range between 93,000 and 94,000 has become a meat grinder; if the 93,500 support level breaks, we’ll directly look at 92,800, and we can only consider chasing the price if it stabilizes at 94,200. The spot traders need to hold their ground; whale addresses have accumulated another 12,000 BTC over the past few days, and cutting losses at this level is equivalent to handing knives to the bears. Remember, this is a psychological battle now; the market makers are just waiting to pick up bloody chips, and those who hesitate early become fuel.
Need help? Comment to get support from a top team!
I am Fengyun, supported by a top team, serving only ambitious madmen (serious inquiries only).
