Why is BTC holding strong and not dropping❓
Triple support is just a paper tiger❗️❗️
72000 will definitely break❗️❗️❗️
Lately, everyone is asking
After all this time of dumping
Why can’t it break below 72000?
$BTC
It's not that the bears are weak
It's just that there happens to be a triple cushion stacked here
Holding up the price stubbornly
$ETH
But let me be clear
These are all temporary
None of them are a real bottom
72000 will eventually be smashed
And once it breaks
It'll accelerate the crash
$LAB
First layer: the natural gravitational field of technicals
The 72000-73200 range
Is the death cross of all technical indicators
It's both the 0.5 Fibonacci retracement level from the drop from 83000
And also the lower boundary of the major rising channel since February
According to natural trading theory
When the price reaches such a convergence of multiple technical levels
There will inevitably be a sideways consolidation
Either it will grind here before choosing a direction
Or it will fake a rebound before slamming down
Right now, we're in the first scenario
Second layer: the moat laid out by institutions in advance
Just look at the latest order book data
Between 72000 and 70000
There are a staggering 440 million dollars' worth of active buy orders
Converted to BTC, that's over 6000 coins
This is definitely not something retail traders can stack up
These are all orders set up by institutions in advance
They're not trying to catch the bottom
They just don't want the price to drop too fast
Otherwise, they can't offload their bags
Third layer: short selling pressure has already been exhausted
And the funding rates
Have pulled back from deep negatives in early May
To a neutral positive position at 0.0052%
This indicates that the previously crowded shorts
Have mostly closed their positions
Now, no one dares to add more shorts
Incremental selling pressure is temporarily gone
That's why the price can’t drop
But all of this is just a paper tiger
Listen carefully
These three layers of support
None of them can change the larger trend
They're all just buffers during the downtrend
Institutional support isn't infinite
They're just waiting for a better exit point
Once the stock they hold is offloaded sufficiently
They will be the first to pull orders and dump
A neutral funding rate is not a bullish signal either
It just means that the bears are temporarily resting
Right now, there are no incremental funds entering the market
It's all existing funds cutting each other
As for the technical support, that goes without saying
In the face of a big trend
All moving averages and channels
Are just waiting to be broken
#ETH跌破2000美元
#BTC
#ETH
#比特币
#贝莱德IBIT比特币持有量反超灰度GBTC
Triple support is just a paper tiger❗️❗️
72000 will definitely break❗️❗️❗️
Lately, everyone is asking
After all this time of dumping
Why can’t it break below 72000?
$BTC
It's not that the bears are weak
It's just that there happens to be a triple cushion stacked here
Holding up the price stubbornly
$ETH
But let me be clear
These are all temporary
None of them are a real bottom
72000 will eventually be smashed
And once it breaks
It'll accelerate the crash
$LAB
First layer: the natural gravitational field of technicals
The 72000-73200 range
Is the death cross of all technical indicators
It's both the 0.5 Fibonacci retracement level from the drop from 83000
And also the lower boundary of the major rising channel since February
According to natural trading theory
When the price reaches such a convergence of multiple technical levels
There will inevitably be a sideways consolidation
Either it will grind here before choosing a direction
Or it will fake a rebound before slamming down
Right now, we're in the first scenario
Second layer: the moat laid out by institutions in advance
Just look at the latest order book data
Between 72000 and 70000
There are a staggering 440 million dollars' worth of active buy orders
Converted to BTC, that's over 6000 coins
This is definitely not something retail traders can stack up
These are all orders set up by institutions in advance
They're not trying to catch the bottom
They just don't want the price to drop too fast
Otherwise, they can't offload their bags
Third layer: short selling pressure has already been exhausted
And the funding rates
Have pulled back from deep negatives in early May
To a neutral positive position at 0.0052%
This indicates that the previously crowded shorts
Have mostly closed their positions
Now, no one dares to add more shorts
Incremental selling pressure is temporarily gone
That's why the price can’t drop
But all of this is just a paper tiger
Listen carefully
These three layers of support
None of them can change the larger trend
They're all just buffers during the downtrend
Institutional support isn't infinite
They're just waiting for a better exit point
Once the stock they hold is offloaded sufficiently
They will be the first to pull orders and dump
A neutral funding rate is not a bullish signal either
It just means that the bears are temporarily resting
Right now, there are no incremental funds entering the market
It's all existing funds cutting each other
As for the technical support, that goes without saying
In the face of a big trend
All moving averages and channels
Are just waiting to be broken
#ETH跌破2000美元
#BTC
#ETH
#比特币
#贝莱德IBIT比特币持有量反超灰度GBTC