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Dear currency circle veterans, I am Zhou Yi, a senior financial analyst who has been working hard for many years. The BTC market in the early hours of this morning was as exciting as riding a roller coaster! The one-hour K-line chart shows a volatile decline. Many retail investors asked me privately: "Brother Zhou, will this market reach the pressure level of 113590? Or will it directly hit the 109820 key level or even the 106300 support level? ”Don't worry, Zhou Yi will break it down for you and explain it clearly to you based on the big news and technical aspects that just broke out! In this article, I will share a simple method of speculating on currencies, and leave a key foreshadowing - follow the Zhouyi, tonight's live broadcast will reveal the opportunity to buy lows! #US government shutdown Interpretation of the news: Whales took profits + exchanges were bleeding, why did they fall? ![]() The first picture shows that a whale deposited 351 BTC into Binance and made a huge profit of US$27.97 million! This is clearly profit taking, with whales selling at high levels, putting selling pressure on the market. ![]() The second picture is even more frightening - in the past 24 hours, CEX had a net outflow of 4,841 BTC, with Coinbase Pro having the largest outflow, but Binance had an inflow, indicating that funds are being transferred and big players may be short-term. Zhouyi's point of view: The actions of whales are often the weather vane. They sell goods, and retail investors are easy to follow the trend and smash the market. Coupled with the net outflow from the exchange, it suggests that investors are withdrawing currency to avoid risks, which explains why the market fluctuated and fell today. Remember, news is a leading indicator, don’t wait until it falls completely before you regret it! An in-depth look at technical aspects: Is the MACD golden cross a trap? The RSI is weak and the power is shrinking, which hides the mystery! ![]() Looking at the third picture, the 1-hour K-line fluctuated and fell, with the pressure level at 113590, the key level at 109820, and the support level at 106300. After the MACD white and yellow line quickly dropped below the 0 axis, a golden cross appeared and was close to the 0 axis - this looks like a rebound signal, but below the 0 axis, it indicates that the rebound is weak, like a "fake golden cross", which can easily deceive retail investors to chase higher! The RSI value is between 35-45, which is weak but not oversold, which means that the decline has not yet reached the end, and 109820 may be tested again. In terms of volume and energy, "shrinking" means indifferent trading, and "red column skyrocketing" means panic selling. Zhouyi gives an example: Just like the last big drop in April, the volume suddenly plummeted after the volume shrank. Many retail investors did not stop their losses and suffered heavy losses! In the current market situation, if the volume can be enlarged, it will be difficult to rise to 113590, but the probability of falling to 109820 is high. Personal opinion:MACD's "Golden Cross" is a beautiful trap! On the chart, MACD made a "golden cross" below the 0-axis, and then stuck to the 0-axis. This seems to be a rebound, but let me tell you, any golden cross below the 0-axis should first be regarded as a "bully-inducing rebound" rather than a signal of trend reversal! It's like a person falling into a pit. He scratches the edge of the pit and tries to climb out, but he doesn't have enough strength. In the end, he is likely to lose his grip and fall deeper. Now that the price is being suppressed by the short-term moving average, the strength of this "golden cross" is extremely weak. The purpose may be to attract a wave of copycats and then continue to decline. My experience is that in a truly strong rebound, MACD will quickly pull up and stand strongly on the 0 axis. Now that it is grinding, I don't trust it. RSI is hovering at 35-45: This is neither an oversold zone nor a strong zone. This is a typical "weak shock zone". It shows that the market sentiment is "numbly bearish". Although the selling pressure is not extreme, the buying pressure is weaker, and it may go down with a slight hit. Volume energy shrinks and then skyrockets: This is the most critical signal! The volume can shrink in the early stage of the decline, indicating that everyone is still waiting and watching. ; But a sudden "large-volume plunge" is a sign of a panic market stampede and flee! This shows that there are funds selling regardless of the cost, and it is by no means as simple as washing the market. Combined with the whale selling on the news, this makes perfect sense. What should retail investors do? Zhouyi gives you three life-saving rules! As a retail investor, don’t panic! First, learn to read the news: when whales are selling, don’t blindly buy the bottom and wait for it to stabilize. Second, the combination of technical aspects: MACD’s golden cross below the 0 axis is a bullish temptation, and wait and see when RSI is below 50. Third, position management: play with spare money and set a stop loss! For example, now that the market is unclear, Zhouyi recommends waiting and watching. If it falls below 109820, it may test the 106300 support. ; If the volume breaks through 113590, then follow up. Remember, currency speculation is not gambling. You must analyze news and data every day like Zhou Yi - follow me, next week I will share a practical case of "escape from the top and buy the bottom" to help fans avoid three big drops! Tonight is destined to be extraordinary! Guys, will the BTC market outlook be bad or good? Zhou Yi saw from the on-chain data that a new whale is quietly accumulating funds, which may trigger a change in the market! The specific points and operation strategies will be revealed exclusively in Zhouyi Village tonight. Click to follow Zhouyi and get the "High Winning Rate Trading Method" for free. Don’t forget, the currency circle is ruthless, but the Zhouyi is warm – like and repost, let’s win in the bull market together! There are no gods in the currency world, only smart people who can read signals. Zhouyi's strength does not brag or flatter you, it only teaches you real survival skills. Follow me and make arrangements in advance in the village every day! If you want to follow up and find Zhou Yi's village in real time, we will open a position simultaneously and my profits will be shared with you! |