Bitcoin is now walking a tightrope! Today's real-time price is $105,038, seemingly steady at the $100,000 mark, but it has only been oscillating in the $105,000-$105,500 range over the past 24 hours. Is this stability? It is clearly the calm before the storm! (Technical breakdown) MACD indicator DIF line -304, DEA line 30, histogram -670, a typical signal of bullish momentum exhaustion! The KDJ indicator is even scarier; the J line has already entered the overbought zone. The last time this signal appeared, it directly broke through the $100,000 mark. Are you still willing to gamble this time?

Check your long positions right now! $105,500 is the lifeline; don't even touch it! If you really want to bet on a rebound, remember two key points: short at $103,100, set a stop loss at $104,000, and run when you make it to $102,200; if it directly falls below $102,000, don't hesitate, just watch for below $101,000! For those going long? Wait until the price drops to $101,000 to consider, but the stop loss must be firmly set at $99,650, and take profit of 1,000-2,000 points before pulling out. In such a market, greed is tantamount to seeking death!

Right now, market sentiment is thinner than paper! If there’s even a single sound of cannon fire from the Middle East, the bears will definitely fight back. Look at the data yourself; large wallets started a crazy sell-off on May 27, and old wallets have realized $2 billion in profits. Smart money has long since retreated! On the technical side, the middle line of the Bollinger Bands at $105,000 is precarious, the upper line at $105,500 is pressing down hard, and the RSI just passed the 50 line but lacks momentum. Can this rebound be called a rebound? It is clearly a trap to entice buyers!

Everyone keep a close eye on the support level of $102,200! If this level cannot hold, the market will directly enter free fall mode. Remember my mantra: Don’t go long in overbought conditions, don’t chase shorts unless support is broken, and in the face of geopolitical risks, cash is king and unshakeable!

Still don’t know how to operate in this market? Follow me, I’ll give you the strategy, execution depends on you!