98,500 is a ten-thousand-person graveyard! 230 million strong liquidation orders pressing down, tonight you will either get rich or go to zero
#BTC 6 June 24 1-hour K-line in-depth breakdown
Jin Zhu Analysis: BTC's huge shock in the early morning hides mysteries, high sell and low buy strategy delivered quickly
Core Views:
1. The essence of mutual destruction between longs and shorts remains unchanged
Today’s 1-hour chart shows a standard "high spike and decapitation" pattern, reaching a maximum of 106,486.2 before diving straight down to 98,115.4, completing a 15-minute dual explosion for longs and shorts. Observing the market, Old Jin found that: institutional-level selling pressure appeared above 106,300, combined with news of Mt. Gox cold wallet movements smashing the market, short-term pressure has solidified.
2. Indicators show a fatal contradiction
KDJ's three lines are dead crossing downward in the overbought area, but the J value has not broken the safe line, a typical "fake drop and accumulate" structure. Here, beware of the main force's trick: if the 98,500 support level breaks with volume, it will trigger a chain reaction of leveraged liquidation; conversely, holding above 98,100 can be seen as a bullish washout.
Unwinding Tactics:
Heavy positions at 106,000+ mountain top warriors
Immediate Action: If the current price rebounds to the 103,800-104,200 range, must reduce positions by 30%
Survival Backup: Remaining positions set a stop-loss order at 105,200; if it breaks 97,500 with volume, then retreat entirely.
Mid-sized investors caught in a position
Using drops to increase holdings: Add positions every 800 dollars drop, single additions not exceeding 10% of the principal.
T+0 Secret: Daily volatility exceeds 1,500 points, if it drops sharply to the 98,100 area in the morning, can go long with 5x leverage, sell after a 500-point rebound.
Empty position observers
Gold buying point: If it breaks through 104,500 with volume, chase a 30% position increase, or heavily buy at the bottom if it waterfalls down to 96,500.Taboo: Do not chase highs when KDJ's J value returns above 80.
Old Jin cautions:
Beware of needle spikes between 3-5 AM: there must be movements before CME futures delivery, with order intervals widened to 300 dollars.
Liquidation warning line: 230 million dollars in strong liquidation orders gather below 98,500, breaking this level will definitely see panic selling.
Tomorrow's life and death gate: Bulls must recover 100,800 before 9 AM; otherwise, the daily line will form a "descending three methods."
Do you want to give it a push? Or kick it off a cliff? Brothers caught in positions report your cost price! Follow me! Jin Zhu will open an escape path for you!
