Current Price Level: BTC is currently reported at $108,300, with a 24-hour volatility of 3.7%, and the overall long-short ratio at 1.2:1.
Market and Data Analysis!
Triangle Convergence Breakout Verification:
The pressure zone of 109,500-110,000 indicated yesterday has been precisely suppressed, and this morning again verifies the effectiveness of the triangle convergence breakdown. The current price is at the critical watershed of 108,000, with on-chain data showing:Whale Movements: A net inflow of 8,200 BTC (valued at $880 million) has accumulated in the 107,000-108,000 range over the past 12 hours.
Liquidation Heatmap: There are 5,200 BTC long positions accumulated at 107,300, forming a main target for hunting.
Operation Strategy Adjustment:
Long Position: The long position taken yesterday has been exited.
Short Position: The current price of 108,300 can be lightly shorted, targeting 106,800 (if broken, can look at 105,000).
Key Events to Watch:
Institutions may sell on good news before the Bitcoin conference; beware of 'buy the rumor, sell the news.'
FTX compensation funds will arrive on May 30, with potential buying power of $1.5 billion possibly becoming the last line of defense.
ETH: Ethereum's Dilemma: The Deep Logic of Following the Downtrend but Not the Uptrend
Current Price Level: ETH is currently reported at $2,534, with a 24-hour drop of 1.8%, continuing to underperform BTC.
Technical Breaks:
Volume-Price Divergence: When rebounding to $2,598 yesterday, the trading volume decreased by 37% compared to the previous high, forming a false breakout.
Whale Selling Pressure: The top 100 addresses have reduced their holdings by 420,000 ETH (valued at $1.06 billion) over the past 3 days.
Operation Suggestions:
Support level of 2,520 for long positions is suggested to push protection to 2,490.
Those not in the market should mainly observe; breaking 2,570 can chase short longs, and breaking 2,480 requires a stop loss.
3. Market Undercurrents: These signals are changing the game rules.
Large Capital Lurking at Bitcoin Conference:
Market maker Wintermute has placed an order for 12,000 BTC buys in the 105,000-107,000 range.
Trump's eldest son confirms he will announce the 'Corporate BTC Reserve Plan,' which may stimulate commercial applications.
Impact of US-China Tariff Buffer Period:
Before August 12, tariffs remain at 10-30%, and the stock prices of mining machine manufacturers have collectively rebounded (Canaan Technology +8.7%).On-Chain Anomaly Alert:
A certain whale (starting with 0x37d9) mortgaged 9,200 BTC half an hour ago to borrow 120 million USDC, suspected of preparing to dump.
Tether issued 500 million USDT this morning, possibly paving the way for ETF funds to enter.
