In the crypto world, one day equals one year in the human world—today's BTC is performing acrobatics at $108,500!
[Market Quick Sketch: Long and Short Arm Wrestling, Whoever Lets Go First Loses]
This morning, when I opened my eyes, the 1-hour K-line chart of BTC/USDT made me laugh—At the position of $108,500, both long and short sides have stomped back and forth seven or eight times, like doing a tap dance. The upper resistance at $110,118 is like an iron plate; every time it rushes up, it gets smashed back down; the support at $108,500 is like a spring mattress, immediately bouncing back up when it drops. This market is definitely a 'dog fund playbook'!
BOLL indicator (Bollinger Bands) makes the word 'entangled' written all over it: The middle track at $104,552 acts like a watershed, with prices bouncing back and forth between the middle and upper tracks at $105,308, and the trading volume is not timid—$120 million in trading volume + $1.65 million net inflow, indicating that retail and institutions are secretly competing.
[News 'Adding Fuel to the Fire']
I searched through today's news, and two pieces of news are worth noting:
'The US SEC delays Ethereum ETF decision': ETH instantly shook three times, dragging BTC down as well. But old hands know that the SEC's 'delaying tactic' is actually a good sign—Delay ≠ Rejection, the market is waiting for a breakout.
'A certain whale address transferred 20,000 BTC in the early morning': On-chain data shows that this batch of coins entered Coinbase's cold wallet. Crow Brother's experience: Large amounts entering exchanges are either prepared to dump or are institutional custody—combined with recent ETF fund inflows, I lean towards the latter.
Crow Brother's blood and tears experience
Thinking back to December last year, BTC was also dawdling at $102,000, and a week later, it directly jumped to $109,000 thanks to 'interest rate cut expectations'. History does not simply repeat itself, but the tricks of the dog fund are always similar—The longer the sideways movement, the more intense the change!
[Crow Brother's Operation Advice]
Short-term Gambler: Short high and long low in the range of $108,500-$110,100, chase the rise if it breaks $110,118, and stop loss if it falls below $108,000. Remember the mantra: 'Breakthrough is profit, false breakthrough is a pit'!
Long-term Coin Hoarder: Place orders in batches below $106,500, 'When others panic, you buy the dip'. Don't forget how many people perished before the dawn during the 'black swan' of 2023.$BTC #美国CLARITY法案
'Tonight is destined to be sleepless—Is it 'Bull Turnaround' or 'Bear Appears'? Share your positions in the comments, and Crow Brother will draw 3 people from the fan group to give (basic knowledge for beginners)!
Don't forget to like, if you get liquidated, don't blame me, the dog fund specializes in all kinds of unfairness!