Attention! The giant whales are playing tricks again! Last night’s performance of a fake plunge with 15,000 bitcoins was simply incredible. The price dropped to 93,200 and then instantly bounced back to 94,300, directly harvesting a wave of inexperienced short sellers. Right now, the market is a game of licking blood off a knife’s edge; the main players are engaging in psychological warfare!

The latest news is a tale of two extremes: the Federal Reserve has stated that it will raise interest rates again, which has scared the market; on the other hand, BlackRock’s ETF has attracted $230 million in just three days, with large institutions quietly buying the dip. The most outrageous part is the on-chain data: the whales clearly transferred coins to the exchange, yet after a flash crash, the price instantly rebounded. Isn’t this clearly a wash trading?

The technical aspects are even more thrilling! The moving average system is playing "zombie"; the MA5 is pretending to golden cross but is actually a trap. Now, the MA5 and MA10 are only 870 points apart, and a reversal could happen at any moment. The MACD looks like it’s about to change direction, with red bars diverging, but don’t rush to bottom fish; wait for the golden cross to be confirmed. The funniest part is the trading volume; retail investors have all laid flat, while the main players are busy trading against each other, with trading volume shrinking by 40% in two hours, yet the matched trading volume skyrocketed to 18,200. Isn’t it obvious they are creating a façade? Remember the old saying: in a shrinking volume oscillation market, pinning is king! In this market, either patiently wait for a breakout or get repeatedly harvested; just don’t get too excited!