Technical death signal: DIF high-level dead cross, $BTC may repeat the 2018 crash
Alright, I'll speak plainly, Bitcoin is stuck at 107800 playing dead, a daily fluctuation of 0.3% is purely a waste of time!
Don’t be fooled by the price hovering above the 7-day and 30-day moving averages; that green MACD bar is still pushing down. The DIF and DEA lines have formed a high-level dead cross—bulls are too lazy to put in any effort, it’s just a fake rebound to fool the fools!
What’s worse is the trading volume is only 1861, not even a third of normal trading volume. The 5-day and 10-day average volume lines are all sliding down. The market is as cold as a morgue; the dogs must be on vacation.
Remember these two numbers: below 106900, if it can’t hold, it will immediately trigger a stampede among the bulls. Above 108000, if it pushes through with volume, a collective turn of the bears will happen in minutes.
The divine pill is ready, just missing someone with execution power.