BTC Today's Market Update! High-level volatility feels like walking a tightrope, big players in a silent battle with retail investors, don't get too excited
Three deadly details, don't blink:
1. Trading volume has shrunk drastically: The volume bars on the four-hour chart are as short as a crushed soda can, and the MACD histogram is narrowing. The main capital is clearly holding back and observing. Retail investors alone cannot push the market, and if the volume doesn't pick up, it could stall at any moment.
2. Deep squats after a surge: Yesterday, the price dropped to 92,913 and then performed a deep V recovery. How many people were thrown off the train? Now the price is stuck at 95,300, neither going up nor down, like a muscular guy in the gym suddenly getting weak in the legs.
3. Life-and-death line at 93,500: This position combines the middle track of the Bollinger Bands and the densely packed EMA30 moving average. If it breaks, it could trigger a chain reaction of liquidations, referencing last week's spike down to 91,400, which resulted in over 800 million dollars in long positions being liquidated in half an hour.
Operating guidelines:
For those looking to chase the rise: First, see if 95,800 can stabilize. On the right side, there are a lot of orders piled up between 95,000-96,000 like fishing bait. If you're not as fast as a whale, don't force it.
For those itching to short: Keep a close eye on the ghost gate at 93,500. You must wait for a volume breakout before making a move. Referencing the lesson learned from the last minute spike in the US market that triggered stop-losses.
For the cautious: Focus on trading volume in the afternoon. If the volume continues to shrink, expect a flat and volatile market. Referencing the previous range of 92,000-96,000. Hold steady on spot trading and wait for clear direction on contracts.
Insider alert: It's rumored in the circle that institutions are building positions around 95,000-96,000, but the manipulators are best at pumping and dumping! When it surged to 98,000 at the end of March, the exchange crashed with a drop of 6,000 points within 30 minutes, leaving the following traders as collateral damage.
Remember: In the crypto world, there are only wolves that feast and sheep waiting to be slaughtered.
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