Brothers, this market is even more thrilling than a roller coaster! The Bitcoin is simply incredible, soaring from $74,000 to $96,000 in just two hours, only to crash back down, repeatedly cutting losses for retail investors. Programmatic trading directly exploded with $320 million in long positions, and even disconnecting the exchange's network couldn't stop it. The market manipulation by the whales in this wave is textbook-level double killing of longs and shorts!
Now, the $96,000 level is practically a death trap, with the 5-day and 10-day moving averages looming like two mountains, having failed to break through after eight attempts in the past three days. What's even more brutal is that at 3 AM, a giant whale secretly dumped 3,800 Bitcoins on Coinbase and immediately opened a $120 million short position on BitMEX, clearly intending to smash the market to pieces!
The technical indicators look even scarier, with a MACD golden cross glowing brightly, but historical data tells us that there's a 90% probability of a crash in these situations; just like before the major crash in 2021. The trading volume is also quite theatrical; on the surface, it looks okay, but on-chain data reveals the truth — whales are frantically offloading, while retail investors are foolishly trying to catch the bottom, with short volumes on Bitfinex breaking historical records!
The news front is even more surreal, with Grayscale dumping 15,000 Bitcoins, causing the price to collapse by 6%; then MicroStrategy stepped in with $940 million to buy the dip, and the price immediately rebounded by 12%. This market has completely gone crazy, with news traveling faster than candlesticks, and retail investors are utterly caught off guard, getting sliced and diced without a clue!
In this market, some believe it's the starting point of a bull market, while others say it's a death trap. The reaper's scythe of the whales is already sharpened, and it’s up to you whether you dare to catch this flying knife!
I am Mo Fei, serving only those with vision and ambition!
