Back to the market, last night the $BTC big pie order of over 80 million USD pulled the price up to 90.5K. It looks impressive, but what was the result? Today it was pushed back down again. Tonight there will be another order of over 40 million, which at most can recover half of the drop from last night to today.
Simply put, a pullback of 3,600, a rebound of 1,800, and the resistance is clearly set at 88.8K; don't really think that this small order can change the trend. During a non-bull market Christmas, it is more often a Christmas disaster.
Especially after Japan's interest rate hike, the kind of significant downward spikes and sharp drops have not fully occurred yet. With such poor liquidity, what the main players love to do is poke a needle downwards, sending away all the supposedly clever bulls at once.
The current structure of the big pie is quite clear; from 88.8K to 90.8K is a solid resistance zone. Each time it gets smashed down, there’s not even a shadow of stability. In such positions, if you don't short at highs and wait for a confirmed breakout, you are basically waiting to get liquidated.
However, if there is a rebound during the day, you need to be even more careful at night; during low liquidity periods, weird things are most likely to happen. A small needle looks at 85K, and a big needle goes straight for 80.6 to 78.8K. Don't think it's exaggerated; if the market really goes crazy, it can teach everyone a lesson in minutes.
The $ETH Ethereum side isn't doing much better either; the daily line can’t break through the MA30. After a high surge, it fell back, with two small bearish candles sitting there, and the momentum is weak. There is support at 2,800 below, so the short-term is unlikely to see a waterfall. But if you expect it to skyrocket, you are just dreaming.
As it stands, 2,900 is the critical lifeline; if it breaks, then watch 2,850, and if it can't hold, continue searching downwards. Consolidation is just consolidation; without a trend, it’s all just talk! #比特币流动性
