The giant whale sold 4,500 pieces $BTC ! The golden cross is a trap for inducing more, Zhao Gongming: hurry up and run during the rebound!
Crypto friends, don't be fooled by the rebound!
Today BTC released a heavyweight news—some giant whale sold 4,500 bitcoins, worth about 295.5 million USD! NYDIG transferred this batch of BTC to several market makers 8 hours ago, most likely executing a sale.
Just think about it. 4,500 BTC, nearly 300 million USD, this is not a small retail investor selling; this is a big player dumping!
Summary: The giant whale is running; don’t reach out to catch the knife.
Let’s look at the technical side, that’s key.
On the 1-hour K-line chart, the overall trend of BTC today is downward, that hasn’t changed.
Although MACD shows a golden cross, if you look closely—DIF and DEA just merged below the zero axis, and the histogram just turned red; this is a technical repair golden cross during a downtrend, not a trend reversal.
The price is fluctuating around 66,000, with moderate volume increase, but that’s a tug of war between bulls and bears, not real buying action. RSI 38.48, still at the edge of the oversold zone, with no strong upward signal. This kind of golden cross is most likely a trap for inducing more, a slight rebound, then continue to fall.
Summary: The golden cross is a rebound, not a reversal; the bearish trend is not broken.
Zhao Gongming's opinion is very clear:
At this position, I won’t chase the long, I’m bearish; the rebound is an opportunity to escape.
The giant whales have started selling; who do you expect to pull up? There may be a rebound in the short term, but that’s just an opportunity for you to escape, not a signal to bottom out.
Retail operation suggestions:
Do not bottom out;
The rebound is an opportunity to reduce positions, look for opportunities to exit in the 66,200-66,500 area, don’t hesitate;
If you want to short, you can try shorting with a light position at the rebound, first target 66,000, second target 65,500. Where is the safest stop loss? Follow Gongming to find out!
Will the giant whale continue to sell? At what position is it safest to short during the rebound? These details, I will only explain to the fans in the chat room. Follow Gongming, join Zhao Gongming's 聊天室, and I'll guide you to profit without getting lost! #特朗普希望尽快结束对伊朗战争 #BTC行情
