The gray-bearded master $BTC, immersed in deep meditation at the level of $103,000, suddenly swayed and fell from the top of the chart. "Cough-cough! What audacity?" — he wheezed, looking around. It turned out that his peace was disturbed by malicious liquidation flies buzzing mockingly above his head.
— $105,000! $106,000! Ha-ha, old man, you won't fly!
The BTC master sighed, took out his chopsticks (after all, he is a cryptocurrency with Asian roots) and began methodically catching the short flies that had strayed too far.
Analysis in a Daoist way: where will BTC fly?
1. "Flies" above — liquidation zone
Thick short flies are hovering over the master around $105,000–$106,000. If he can jump up and catch them with his chopsticks, we expect a short squeeze and a rise to $110,000. But for now, the old man is too old for jumps — volumes are low, and CVD (internal energy of Qi) is negative.
2. "Ants" below — supports
Under the master's feet is a carpet of long ants at $101,380–$100,000. If he slips, they will try to catch him. But if the carpet is pulled out (breakthrough $100K), the old man will fly into the abyss down to $98,000–$95,000.
3. "Wind" of volumes and OI
— VOL (wind in the cave): Weak ($1.95B against MA5 $5.65B).
— OI (air in the lungs): Stable (~$71B), but CVD is wheezing (-16.1K).
Output: The master is not strong enough for a sharp leap upwards.
Verdict: Fall or a feint?
Most likely, the old BTC will first try to rise to $105,000, but the flies will be too nimble. Then he will deliberately fall to the $100,000 level to:
1. Lure greedy bears into a trap.
2. Speed up from the lows and jump sharply upwards when everyone thinks "Bitcoin is dead".
What should a trader do?
- If the master falls to $100,000 → prepare chopsticks for catching longs.
- If the master is stuck at $105,000 and doesn't break through → we wait for a trick and a possible reversal.
"What the hell are you waiting for? Either catch the flies or you'll become their lunch!" — muttered BTC, lighting a bamboo pipe.
🚀 Conclusion: 70% for breaking $100K, but then — a devious bounce. Be ready!