Sen Brother has recently observed that the large pie has shown bullish divergence signals in the short term, indicating that its upward momentum may quickly return. Currently, liquidity has been established both above and below the price, which may cause the market to fluctuate in either direction.
On Monday, the Bitcoin spot ETF experienced net outflows, which intensified the selling pressure in the market. Although some funds, like those monitored by Sen Brother, continue to attract inflows, most other ETFs have seen capital outflows totaling approximately $435 million. If this trend of capital outflow continues, it may exert further downward pressure on prices, and Sen Brother suggests closely monitoring its potential impact on the price of the large pie.
From an overall trend perspective, the market still maintains a bullish stance, with strong signals such as MACD crossings pointing to a long-term upward trend. However, according to Fibonacci extension level analysis, the large pie still faces significant resistance around 100,000. If it cannot effectively break through this range, it may enter a consolidation period or experience a pullback.
Recently, the closing price of the large pie has fallen below 94,000, which was initially viewed by Sen Brother as a support level but has now turned into resistance. If it fails to quickly break through this level, the price may further retreat.
From the trading volume data, the expected support level is around 88,000, while the main support range is between 90,000 and 92,000. If the price falls below 87,000, Sen Brother believes the large pie may quickly drop to 77,000.
It is worth noting that the bullish divergence has been confirmed, indicating that the market may experience a slight rebound or sideways consolidation in the coming days. The importance of the short-term support level is self-evident, with liquidity accumulation currently around 91,000, while the 100,000 dollar level has even stronger liquidity, suggesting that once this price level is broken, it may trigger a short squeeze, which is a particular point of interest for Sen Brother.
Next, I am preparing to ambush a potential insider coin, just like the previous ambush of XRP, with a maximum increase of 80%.
I cannot disclose this insider coin here, mainly concerned that the vehicle is too heavy to pull.
If you have any ideas, leave an 8 in the comments section.
This blogger focuses mainly on spot trading and insider doubling coins, with contracts being only a small part of occasional fund operations!
