Key data for BTC tonight: Beware of a 6.1% inflation explosion!
Breaking! The 0x3f giant whale has placed an order for 1800 BTC at $109,600, which translates to $216 million in real cash at the current price. Market makers have placed 3200 BTC, which is clearly a classic Wall Street tactic of trapping the prey. The perpetual funding rate has soared to 0.018% per hour, and the leveraged bulls have already stepped into the minefield of May 19.
The expected core PCE data in the U.S. is 4.2%, but the internal energy price index has surged to 6.1%. If this is confirmed, BTC could instantly drop below $108,500. However, the futures gap at $110,800 on the CME is like a black hole for accumulation, and historical data shows a 70% probability that it will be filled today.
The three iron laws of operation are set: Do not chase the ups, do not fully load, and stopping loss without a plan is self-destructive! Place a limit buy order at $109,500 with a stop loss set firmly at $109,000. If it breaks through $110,000 with volume, wait for a pullback to $109,800 to confirm before increasing the position, targeting the previous high of $113,000. Do the bears want to smash the market? Unless there is a volume explosion of 6000 BTC in 30 minutes breaking through $108,500, the probability is less than 18%.
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