BTC is no longer a crazy bull; it's a rocket bull!
Four key details to tell you why BTC dares to rush to 120,000 today.
Bollinger Bands are opening up and playing hard
Look at this four-hour BOLL channel; the upper band is directly peaking at $110,157, and the price is steadily strolling outside the upper band. According to the old routine, it should have corrected by now, but the MACD bars are still getting thicker, indicating that the main force has the pedal to the metal, giving bears no chance to breathe.
Volume structure is off
Notice that the four-hour volume bar on June 12 is 1.8 times the average volume of the previous three days. However, the price only rose by 7%, which is a typical move by the operators to manipulate the market. These people are holding at least 2 billion dollars in spot and are now clearly aiming to break the previous high violently.
Key time window
This morning at 3 AM, this bullish candle directly pushed the price through 110,000, perfectly landing at the CME Bitcoin futures gap. Historical data shows that this kind of violent gap filling usually results in an additional 8-12% upward momentum in the next 48 hours.
Whale account activity
On-chain monitoring detected five new addresses that bought 12,000 BTC within half an hour, all withdrawn directly from the Coinbase cold wallet. This level of buying activity is either BlackRock or Fidelity preparing for a spot ETF.
Rolling positions are not a myth; they are a strategy. Want to feast? Don't operate blindly; follow Ji Xin to position in advance for the main upward wave, enjoy the main course of the bull market, so there's nothing left for the meal!
Focus for the day: TRUMP BTC OM ETH
