#加密安全须知 rebounds, don't get too excited! This position might be the last chance for survival.

The big cake is currently being pressed below the EMA24/52 moving averages, clearly the downtrend is not over yet! Last night it also started plummeting from 105000, and this position at 105398 is filled with trapped orders, resembling a wall that can't be broken through.

Now the market is like a tug-of-war competition—bulls are desperately holding onto 105,000, while bears are pressing down hard, but it's clear that the bears have more strength.

The most dangerous part is that the 4-hour chart has formed a black three soldiers pattern, which basically equals a 'run away' signal in the crypto world.

The RSI has entered the oversold zone, but the rebound seems meaningless, and trading volume has decreased by 30%, indicating that no one is willing to take over. The current situation is: up, unable to rise; down, could wash out at any moment.

Other ETFs are all fleeing, this rebound is clearly retail investors self-indulging. On-chain data warning: whales have already dumped over 30,000 big cakes this week, with costs around 105,000, and now the rebound just gives them a chance to offload again.

Technical deadlock: There are three months of trapped orders piled up in the 105300-105800 range, unless there’s a sudden surge breaking through 106500, otherwise it’s all a trap to lure in more buyers.

Remember! The current market is all about the elevator mode—what you think is the bottom might just be halfway down the mountain.

Today there’s also the non-farm payroll data bomb, the main players are waiting to explode the bulls before pulling the market up. Control your hands, surviving is more important than anything else!

For the next layout direction, expecting a space of more than 10 times is not a problem, like + comment, and let’s layout the entire bull market together!