"With a hundred thousand and eight thousand breaking, the heart is unstable, and the price-volume split must retrace - 107,870 dollars is the meat grinder switch, both bulls and bears are watching the main player's bottom card"
The latest price of BTC is 107,870 dollars, hanging above the daily line high, with the 7-day and 30-day lines separated by a death gap of 2,700 dollars. This gap is even more exaggerated than the night before March 12, 2020. The false drop to 105,000 dollars in the early morning caused the liquidation volume to soar to 80 million dollars, and the butcher's knife of the market manipulators is already resting on the neck of the retail investors.
Market Dynamics: The selling price at 107,870.90 dollars is pressing down on a massive sell order of 6.4 BTC, while the buying side has dug a deep pit at 107,000 dollars. This is like a casino dealer shouting "lock in your bets" while secretly swapping the dice for magnets - a double killing scenario for both bulls and bears has been set.
The Grim Reaper's Gate at 108,000 dollars: A selling pressure wall of 6.4 BTC is pressing down on the miners' hedging positions, breaking through requires eating up the equivalent of 6.9 million dollars in bullets.
The Guillotine at 105,000 dollars: Associated with the dense chip area on April 20, breaking through will certainly trigger a liquidation wave from Three Arrows Capital.
On-chain Alert: A giant whale recharged 8,200 BTC to Binance three hours ago. This batch of chips is enough to push the price down to 99,000 dollars. Combined with tonight's PCE data from the U.S. at 11 PM and Coinbase's 1 billion dollars in options expiration, the market manipulators are using a classic combination of spot selling and options harvesting.
Spot Trading:
① Reduce position by 50% at the current price, placing gradual buy orders at 105,000 / 103,500 / 102,000.
② Sell 10% of the position for every 200 dollars increase above 107,500 dollars, and keep 30% of the base position if breaking 108,000 dollars.
Contract Trading:
① Set a short at 107,888 dollars + a long at 104,444 dollars.
② If it breaks 108,300 dollars, chase the long with a stop loss at 107,800; if it drops below 105,500 dollars, chase the short with a stop loss at 106,000.
Look for hidden traps in the order book: There are 18 iceberg orders hidden between 107,500-108,000 dollars, totaling 2,300 BTC in selling pressure. If these chips are sold off, the price could instantly drop by 2,000 dollars. Remember, the meat grinder in a bull market specifically targets the thickest cuts - if you are fully invested now, you might want to check if your neck is tough enough.
As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Like + comment + follow, and let’s traverse the bull market together to seize this major opportunity!
Intraday: BTC
