Bitcoin: The 102,000 Life-and-Death Line Determines Bullish or Bearish Fate
Cryptocurrency analysis company MakroVision points out that Bitcoin is forming a converging triangle pattern in the range of $102,000 - $110,000, with bullish and bearish battles intensifying. After peaking at $112,000, BTC has been caught in directional choices, and the current key points are as follows:
Strong Support at $102,000: A drop below will test $98,600 - $97,700 (0.382 Fibonacci retracement level)
Bullish Breakthrough at $109,500: Staying above this level is expected to restart the upward trend
Triangular Formation with Decreasing Volume Indicates Upcoming Change, Investors Need to Closely Monitor Breakthrough Direction in the $102,000 - $109,500 Range.
Shiba Inu Coin (SHIB): The Interweaving of Destruction Frenzy and Risk Signals
Bullish Signal: Whale Influx + Accelerated Deflation
Whale Flow Surge of 6300%: After the Shibarium Upgrade, Large Transfer Volumes Surge, Gate.io Futures Trading Volume Exceeds $147 Million
Weekly Destruction of 1.19 Billion Coins: Destruction rate skyrocketed by 1499%, with a 24-hour growth rate of 958%, and the deflation mechanism strengthens holding confidence.
Risk Warning: Two Key Indicators Are Flashing Red
NVT Ratio 1194: Market Cap Growth Far Exceeds Trading Volume, Historical High Indicates Valuation Bubble
Network Growth Stagnation: Only 476 New Addresses, Speculative Enthusiasm Diverges from User Expansion
Technical Aspect: Descending wedge hides a 27% potential increase
SHIB is currently in a bullish wedge pattern; if it breaks the resistance line, the target price points to $0.00001448 (up 27% from the current price). However, caution is needed as weak network fundamentals may lead to a breakout failure.
Operation Suggestions
BTC: Set Stop-Loss at 102,000, Breakthrough at 109,500 Can Chase Up
SHIB: Short-term focus on wedge breakout, long-term needs to wait for network user growth verification
The market is about to迎来关键变盘窗口, investors need to flexibly adjust strategies according to the breakthrough direction to avoid emotional operations.