Will one sentence from Wosh crush the big market? $BTC —don’t get carried away with this rebound!
Don’t let that just-now small bullish candle fool you. Wosh, the old hawk, spoke yesterday at Jackson Hole, and the gold price dropped straight by $120. The U.S. dollar was like it got injected with chicken blood and surged hard. At the same time, Metaplanet transferred 3,000 BTC to Coinbase Prime over the past 24 hours, worth about $237 million.
On the BTC one-hour chart, it looks like it might bounce, but in reality the MACD death cross is pressing down, and the RSI is also half-dead and lifeless—classic stop-hunting / bull-trap behavior.
The most eye-catching part is the “smart money”—the long/short ratio is up to 508%, with longs’ average entry around 77,800, and they’re all stuck/bagholding right now. Even just BTC traders alone are down over $6 million. Why would these people be willing to play the fool? Maybe they’re about to flip and dump to save themselves.
Trading advice: around 78,000 you can consider a small short. If it breaks 78,500, it’s admitting defeat—first target to watch is 76,500. For those looking to go long: wait for a pullback around 76,200 that doesn’t break; then you can act. If it breaks, quickly flip and chase the short.
Remember: under the hawkish shadow, staying alive matters more than making money. Chasing longs at this spot—be careful you don’t end up as an institution’s lunchtime meal.
No direction? Enter the chat room
#加州通过法案拟禁官员发行Meme币 #黄金8月上涨约14%
Don’t let that just-now small bullish candle fool you. Wosh, the old hawk, spoke yesterday at Jackson Hole, and the gold price dropped straight by $120. The U.S. dollar was like it got injected with chicken blood and surged hard. At the same time, Metaplanet transferred 3,000 BTC to Coinbase Prime over the past 24 hours, worth about $237 million.
On the BTC one-hour chart, it looks like it might bounce, but in reality the MACD death cross is pressing down, and the RSI is also half-dead and lifeless—classic stop-hunting / bull-trap behavior.
The most eye-catching part is the “smart money”—the long/short ratio is up to 508%, with longs’ average entry around 77,800, and they’re all stuck/bagholding right now. Even just BTC traders alone are down over $6 million. Why would these people be willing to play the fool? Maybe they’re about to flip and dump to save themselves.
Trading advice: around 78,000 you can consider a small short. If it breaks 78,500, it’s admitting defeat—first target to watch is 76,500. For those looking to go long: wait for a pullback around 76,200 that doesn’t break; then you can act. If it breaks, quickly flip and chase the short.
Remember: under the hawkish shadow, staying alive matters more than making money. Chasing longs at this spot—be careful you don’t end up as an institution’s lunchtime meal.
No direction? Enter the chat room
#加州通过法案拟禁官员发行Meme币 #黄金8月上涨约14%
