BTC Latest Exposure! The main force is digging a pit, retail investors should not catch flying knives!
BTC's recent rebound reached 96.4K, and although the short-term is a bit urgent, the overall direction hasn't deviated
Yesterday, I already analyzed this for you, below are my new viewpoints
Now the key point comes - that pink support line that countless people are watching may be about to 'flip'! Why? Because when everyone thinks it can hold here, the main force often reverses and dumps to harvest liquidity, conveniently triggering a wave of long positions; I've seen this script too many times!
The SRSI on the 4-hour chart has directly surged into the overbought zone, and the RSI has a bearish divergence; what does this indicate? The short-term rise has been too strong and needs to take a breather! Next, it's very likely to first retrace to around 92K for a washout. If it can hold here without breaking.
The EMA20 moving average on the daily level will turn into a 'super moat', directly pushing the price to the target level of 102K! But if there’s bad news that suddenly pops up, the major support at 85-86K on the weekly level will come into play, this position is the last line of defense for the bulls!
Don't be scared off by short-term fluctuations; keep a close eye on these two lifelines at 92K and 85K! Before the attack on 102K, the main force will definitely play a few fake breakouts for a washout
Are you stuck? When to buy the dip? As always, if you're confused and helpless and don't know what to do, hit me up in the comments. I need fans, you need references
In the future, I will continue to ambush strong coins; if you want to follow the strategy 👆: 111
Pay attention during the day: BTC ETH SOL
