Breaking! The ancient giant whale awakens, 80,000 bitcoins are being sold off!
Today, Bitcoin is still in the realm of technical adjustments. At 8 PM, breaking news reported "A dormant address containing 10,000 BTC was activated after 14.2 years of sleep," and in the following hours, this giant whale continuously activated multiple addresses containing tens of thousands of bitcoins. Although the spot market for Bitcoin is not experiencing significant volume fluctuations at the moment, participants are still wary of the 80,000 bitcoins being sold, leading to a brief irrational sell-off. What is meant to happen cannot be stopped; do not panic about what will not come. It is both an opportunity and a risk. Let's look for technical opportunities and see if there are any chances to participate.
Bitcoin: 107,300 is an important observation point. This level belongs to the mid-term long platform from the end of June. It has significant strategic meaning. Therefore, in the night session, pay close attention to the support effect of the small platform between 107,300 and 106,800, and it would be reasonable to participate a bit. The risk-reward ratio is good, just set a small stop-loss. For higher prices, see if the night session provides opportunities around 108,200-108,500. Reference points: 111,200-110,400-109,500-108,750-108,200-107,650-107,300-107,000-106,500-106,000-105,600-105,000.
Ethereum: The near-term 2,485 is a key reference point. Ethereum has put in significant effort to rise above 2,524 to expand upwards. Today's intraday decline has been sufficient, and there is currently no clear plan to sell 80,000 bitcoins; the situation here is more about psychological panic. Thus, if Ethereum provides opportunities around 2,485-2,495, it is still recommended to enter with a little initial position, and just ensure to set a stop-loss. For higher prices, check if there are opportunities around 2,552-2,568. Reference points: 2,687-2,669-2,635-2,613-2,579-2,540-2,524-2,550-2,485-2,440.
