Brothers, I am Xinying! BTC is hanging by a thread at this moment, and the four-hour chart shows that the price is struggling at the critical point of over 87000. The two mountains of 90500 and 94000 are pressing down from above, while the two defensive lines of 84000 and 80000 are supporting from below. Tonight, the direction will soon be decided!
Technical overview (four-hour chart):
Key level: 87000 is the lifeline. If it stabilizes, it is expected to test the pressure at 90500; if it fails, it will head straight for 84000 or even 80000.
MACD signal: There are signs of a 'dead cross turning into a golden cross' below the 0 axis, indicating that there may be a short-term oversold rebound, but overall it is still in the bearish zone, not a trend reversal signal.
Pressure and Support:
High-Pressure Area: 90,500 (Strong Resistance), 94,000 (Previous High Resistance).
Support Network: 84,000 (First Support), 80,000 (Deep Pullback Target).
News Alert:
"BTC OG Insider Whale" currently holds nearly $700 million in long positions, with an unrealized loss exceeding $42.5 million, and its BTC opening cost is as high as over $91,500. At this moment, it loudly advocates for a price of $106,000, essentially a desperate shout for rescue after being deeply trapped. This exposes a huge risk: its massive position is like a "dammed lake"; if the market cannot rise to its cost line, it may trigger passive selling pressure.
Xinying Core Viewpoint:
In the short term, look for a technical rebound, but the overall direction still leans bearish!
Short-term: Due to oversold indicators, prices may rebound to the 87,000-90,500 range, but this is a "pullback in a bearish trend," aimed at repairing indicators and testing pressure.
Key Win-Loss Point: 90,500! If the rebound cannot effectively break through this position, the shorts will regain strength, targeting 84,000. Only by stabilizing above 90,500 with increased volume can the short-term pattern be reversed, and it may attempt to test 94,000.
Overall Direction: Before breaking 94,000, the overall adjustment structure remains unchanged, and the overall direction still leans bearish; 80,000 is a potential deep target.
Practical Strategy:
Empty Position/Observers: Patience is required. Focus on observing the pressure at 90,500. If the rebound reaches this area (such as 90,200-90,500) and shows signs of stagnation, a light short position can be attempted, with stop-loss set above.
Position Holders (Long): Seize the opportunity to reduce positions when the rebound reaches above 90,000. Set 87,000 as the last defense line; decisive stop-loss is needed if it falls below.
Short-term Traders:
Bearish Position: Near the resistance levels of 90,500 and 94,000, look for signals of being blocked to short.
Long as a Supplement: Limited to quick in-and-out, light positions in the 87,000-84,000 support area to bet on a rebound, targeting near 90,500.
Novice Players: Control your hands! The whale is still deeply trapped, do not blindly catch the bottom. Observing is currently the best strategy.
Xinying Summary:
Tonight's duel is between the "whale's self-rescue triggered rebound" and the "overall bearish trend." 90,500 is the line of life and death. Before a clear breakthrough, adhere to the oscillation strategy of "mainly short, with light longs as a supplement"; all operations must be light and bear losses! I am Xinying, providing you with the most core market logic.#加密市场观察
Forget the myths of the crypto world; success belongs to those who can analyze signals. Xinying doesn't boast, only provides you with survival skills you can learn. Follow me, Xinying reveals buying and selling points daily, walk with the wise, and shorten your path to profit. Avoid three years of detours, start from this moment.$BTC
