$BTC $ETH BTC Today's Market Update!
BTC Today's Market Update! High volatility like walking a tightrope, big players secretly battling retail investors, don't get too excited.
Three deadly details, don't blink:
1. Trading volume shrinks drastically: The four-hour chart's volume bars are as short as a crushed soda can, the MACD histogram is narrowing, and the main funds are clearly holding back and observing. Retail investors alone can't push the market, if 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 made a deep V recovery, how many people got thrown off the bus? The current price is stuck at 95,300, neither up nor down, just like a gym buff suddenly getting weak in the legs.
3. Lifeline at 93,500: This position combines the middle Bollinger Band + the dense area of the EMA30 moving average. Breaking this level could lead to a chain of liquidations, referencing last week's spike down to 91,400, which resulted in over 800 million USD in long positions being liquidated in half an hour.
Trading Guide:
For those wanting to chase the rise: First, see if 95,800 can hold strong, on the right side, there's a large number of buy orders stacked at 95,000-96,000 like fishing bait. Don't force it unless you have the speed of a big whale.
For those itching to short: Keep a close eye on the 93,500 death zone, you must wait for a significant volume drop before taking action. Referencing the lesson from the day before yesterday when the US market rallied at the end and triggered stop losses, the counter-trend can teach you a lesson in seconds.19 For the cautious development party: Focus on trading volume in the afternoon, if volume continues to shrink, it will stabilize and fluctuate. Referencing the previous day's range of 92,000-96,000 market, hold steady in spot trading, wait for clear direction in contracts.17
Insider Alert: There is rampant rumor in the circle that institutions are building positions at 95,000-96,000, but the market makers are best at driving the price up and offloading! At the end of March, when it surged to 98,000, the exchange crashed in 30 minutes, plummeting 6,000 points, and all the following market orders became cannon fodder.
Remember: In the crypto space, there are only wolves that eat meat and sheep waiting to be slaughtered.
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