Brothers! This map is full of explosive signals!
Bitcoin is currently dancing on the tightrope between 109500 and 110650, did you see?
The MA5 trading volume is 24455, lower than MA10's 28312, indicating that old investors are quietly dumping their holdings at high levels, and new funds are clearly unable to keep up with the pace! However, the MACD histogram is still holding at 380.3, with bulls and bears engaged in a life-and-death struggle!
You must engrave these three major good news in your mind: BlackRock's ETF holdings have surged to 800,000, the Federal Reserve's interest rate cut expectations have been postponed to September, and the German government's selling pressure has ended! All these major positives are now brewing big moves on the chart, with prices at 109500 showing three consecutive long lower shadows, indicating that bulls are using real money to support the market!
But be careful! The three lines of the RSI are collectively swaying above 60, with RSI1 already starting to turn down, which is a classic warning of a top divergence! The MACD's DIF line at 1276.2 has flattened for three consecutive K-lines, and the market reversal could happen in an instant! Especially at the EMA7 level of 109377, a drop below it would directly trigger a tsunami of programmed stop losses!
Don’t be afraid if you’re holding mid to long-term positions; BlackRock is still frantically buying, and every plummet is an opportunity!
But remember, the correlation between the market and the NASDAQ 100 is as high as 0.83 right now; any slight movement in the US stock market could send Bitcoin into free fall in an instant! Have proper stop losses in place, don’t be the one left holding the bag!
Currently, the market is turbulent, walking alone is lonely. Click on my profile and follow me for daily spot potential layouts and bull market strategy layouts.
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