Did the sharp drop to 104,400 create a trap? The giant has placed an order for 8,000 coins to ambush
BTC is stuck at the death line of $107,000, with an iron top at $108,300!
Bitcoin is currently reported at $107,260, trapped in the suffocating range of $107,000-$108,300. The focal point of long and short battles is at $108,272, this 'iron top', which has repeatedly suppressed rebounds. Can it break through and stabilize above $108,300? If it rises again and falls back, it will trigger a deeper correction.
Indicators hide mysteries
1. MACD warns of weakening momentum
The bars are green but continuously shortening, and both lines are deep in negative territory. Signal: Rising momentum is declining, and bulls are showing fatigue.
2. Bollinger Bands signal a trend change
Prices are closely sticking to the upper band at $107,681, and the Bollinger Bands have suddenly narrowed. Signal: Volatility has dropped to a critical point; a direction may be decided within 24 hours.
Defense Map
First defense line: $105,895
Core fortress: $104,424
Ultimate stronghold: $102,811
A valid drop below $107,000 will trigger selling pressure; the $104,400 area is the life-and-death line for bulls.
Key to Long and Short Battle
Essential conditions for a breakthrough:
Hourly trading volume surges over 50%
Closes above $108,300
If there are no major positive factors, the probability of a breakthrough is less than 30%
Crash warning signal:
Three consecutive K-lines closing below $107,000
Support at $105,895 fails
Focus on two key price levels:
Break through $108,300 - Lightly test long
Fall below $107,000 - Urgently sell to stop loss, buy the dip again at $104,400
Current risk probability: 70% rise and fall vs. 30% breakthrough
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