"A single bearish line changes perspectives; how many people were on the rooftop last night? Bitcoin's recent downfall has made bulls cry out for their mothers! Now the price is stuck on the 'death line' Bollinger mid-band, with 104445 looming like a mountain above. Brothers, is this position a desperate counterattack or a continued leap off the cliff? Let's peel back the technicals and poke through the news; the truth will send chills down your spine!"

Technical dissection:

Crash scene: Clearly stated in the chart, the price dropped sharply from around 107000 (upper band area) to a low of 101000 (near support level). It's so painful, the sound of liquidation is louder than Chinese New Year firecrackers!

Current predicament - Stuck in 'halfway up the mountain':

Bollinger mid-band (104455.5) is the lifeline! The price is currently hovering around 103514, firmly pressed down by the mid-band (about 104455). Technical analysts understand that the mid-band is the dividing line between strength and weakness; if it can't hold, it's weak!

104445 resistance level - 'The gate of hell' is not a misnomer! The chart marks '104445' as key resistance. This position not only served as support earlier (breaking it turns into resistance), but now it nearly overlaps with the mid-band (104455.5), creating double pressure! The price has repeatedly tried to touch above 103514 but has failed (a lot of 103514.0, but can't go higher), indicating bulls are currently weak, and the script of 'not being able to break the upper band and falling back' may replay at the mid-band!

Lower support - Is 101000 the last refuge? The chart indicates support at 101000, and if it breaks down further, the 100,000 mark is next. If 101000 cannot hold, panic selling may ensue, and the consequences are unthinkable!

Transaction revelation - Are large funds fleeing? The chart shows 'large transactions' indicating a large order executed at 100333.0 (see '100333.0' and the adjacent '100.0%(100333.0)'), combined with the backdrop of a crash, it's very likely that big players/institutions are cutting losses at the low or taking advantage to sell! This is not a good signal! The 'latest transactions' are muddled around 103514, and the volume looks poor; without large funds charging in, trying to break through? Difficult!

News adds fuel to the fire:

Musk criticizes Trump, market worries about changes from 'Big Daddy'? Yesterday, Musk angrily accused Trump of being "ungrateful," implying that without his help in 2020, Trump wouldn't have been elected. Big players tearing each other apart, the market fears uncertainty the most! Musk has a huge influence in the crypto space (think DOGE), if his relationship with potential U.S. presidential candidates sours, it could impact future policies (like harsher regulations on Crypto), can institutions not worry? (Relevance: Rising political risk, institutions may hedge.)

Coinbase crashes again! Pulling the plug during a crash? Every time there's a big market movement, exchanges love to do 'technical maintenance'! Last night's crash saw Coinbase and other major exchanges experiencing transaction delays and crashes, leaving users unable to escape! (Directly hitting confidence and exacerbating panic.)

Institutional fund inflows slowing? BlackRock ETF data showing weakness! The previous logic supporting BTC's rise from 'institutional bulls' is somewhat wavering. The latest data shows that fund inflows into BlackRock's IBIT and other spot ETFs have noticeably slowed down, with even slight outflows appearing. (Insufficient incremental funds, upward momentum is discounted.)

Market outlook:

"Brothers, the situation is very severe! Technically, Bitcoin is currently like being tortured on the 'tiger bench' at 104445! Double pressure from the mid-band and key resistance level, trading volume is sluggish, and large funds seem to be fleeing. The news is even worse, big players are arguing, exchanges are dropping the ball, institutions may have gotten cold feet... This buff is stacked high!"

"Want to break through 104445? Currently, it seems as difficult as climbing to the sky! Unless a huge positive event occurs (like an unexpectedly large interest rate cut, or a sudden massive inflow into ETFs), or violent volume-driven price increases, it's highly probable that after oscillating around this area, it will test 101000 again or even the 100,000 mark! ** Remember, if it can't go up, it has to come down to find support!"


#特朗普马斯克分歧
Don't follow the iron eagle? Next time there's a crash, you won't even be able to grab rooftop WiFi!
$BTC