The crypto market is like a chess game, with candlesticks as the chess moves; the battle between bulls and bears is thrilling! Once the main players make a move, the market changes dramatically!

Current battlefield situation

BTC is stuck at the life-and-death line of 120,000, with dangers above and below:

Resistance level above: 122,450

Support level below: 117,374

Technical Analysis:

MACD: DIF and DEA are getting 'closer'! Once DIF crosses above DEA, paired with a shrinking green histogram, it signals a 'stealth attack' by the bulls!

Impact: Golden cross + increased volume = The main players may pull up to lure in buyers, retail investors might chase the highs, but beware of false breakouts that lead to 'cutting leeks'.

RSI: The three lines swinging around 50 indicate that both bulls and bears lack confidence, and the market is 'holding back a big move'.

Impact: RSI breaks above 60 = bulls control the market, breaks below 40 = bears crush, before direction is chosen, don’t easily take heavy positions!

Volume: Current transactions at 10,458, estimated 12,176, the main players are still 'playing dead' and observing.

Impact: Insufficient volume = precursor to a trend change! Once there is a significant volume breakout/breakdown at key levels, it indicates serious capital involvement from the main players, leading to market speculation and potential 'overnight changes' in trends.

Long Brother's viewpoint:

Short-term script: Fluctuation and consolidation, waiting for the main players to 'flip the table'!

If it holds above 120,000 and breaks out above 122,450, the bulls will celebrate with a target of 125,000.

If it breaks below 117,374, the bears will counterattack with a target of 115,000.

Key signal: MACD golden cross + increased volume! This is a typical signal for the main players to 'take action'; retail investors can ride the wave, but don’t be greedy!

Impact on the crypto market

BTC is the 'barometer of the crypto market'; its direction determines the overall situation:

If it breaks out: Altcoins will rise, market sentiment will boil, and leveraged contracts will celebrate.

If it breaks: Altcoins will be slaughtered, panic selling will flood the market, and a wave of liquidations will come.


The main players have set up a 'bewildering formation' at the 120,000 mark; is it a breakout or a trap to induce shorts?#BTC走势分析

Don't wait until the liquidation to remember me! Follow Long Brother, and I’ll help you escape the peak 3 seconds in advance next time!