$BTC Don't get too carried away with the rebound! This position might be the last chance to escape
The big coin is currently being pressed below the EMA24/52 moving averages, clearly indicating that the downtrend is not over yet! Last night, it started plummeting from 105,000, and the 105,398 position is filled with trapped positions, making it impossible to break through like a blocked wall.
Right now, this market is like a tug-of-war — the bulls are desperately holding onto 105,000, while the bears are pushing down with more force.
The most concerning part is that the 4-hour chart has formed a black three soldiers pattern, which in the crypto world basically equals a "run away" signal.
The RSI has entered the oversold zone, but the rebound is like not having eaten, and the trading volume has shrunk by 30%, indicating that no one wants to take over. The current situation is: rising, but unable to; falling, and a bloodbath could happen at any moment.
Other ETFs are fleeing, and this rebound is obviously just retail investors getting carried away. On-chain data warning: whales have already sold over 30,000 big coins this week, with costs around 105,000, and the current rebound is just giving them a chance for a second exit.
Technical deadlock: In the 105,300-105,800 range, there has been a pile of trapped positions for three months. Unless there is a sudden increase in volume to break through 106,500, it’s all a trap to lure in the bulls.
Remember! Right now, this market is playing the elevator mode — what you think is the bottom might just be halfway up the mountain.
Today there’s also the non-farm payroll data bomb, and the main players are waiting to exhaust the bulls before pulling up the market. Keep your hands steady; surviving is more important than anything else!
The next layout direction, expecting a space of over 10 times is not a problem, like + leave a message, and I’ll guide you to layout the entire bull market together!
