$BTC

BTC price analysis: Institutional trap or bear market warning?

Brothers, this wave of Bitcoin market is really worrying! Recently, it has been hovering near the key resistance level and has been unable to break through. Instead, the market is filled with the atmosphere of a bear market, and it may even go straight to $81,500.

BTC is weak, and the USDT advantage index is red

Bitcoin has plummeted 15% from its historical high of $108,365, and now the market is filled with the sentiment of further decline. What is the key problem? The recent wave of USDT advantage index rebounded sharply, showing that funds are concentrating on USDT. What does it mean? The big brothers in the market began to play a conservative strategy and turned funds to the "safe haven" USDT, indicating that they expected the market to "change".

Remember the script in March? The USDT indicator was also pulled up at that time, but Bitcoin was beaten back. This rebound is coming again. Believe it or not, the short-term rebound may just be a trap to lure more investors. We must see the situation clearly and not open orders randomly.

Dark pool operation? "Big brothers" lure more small investors

Recently, Bitcoin rebounded from a low of $92,520 to $96,740, which seems to be a bit better on the surface. But brothers, pay attention! This rebound is likely to be an institutional ambush: whales pull up the market in the dark pool to attract retail investors to enter the market, and then sell at a high price, resulting in retail investors being cut "completely".

If the bearish sentiment continues, Bitcoin may go straight to $81,500 in January. The technical side does not support Bitcoin breaking through the $100,000 mark. The current RSI indicator has entered the overbought range and a bearish divergence has appeared, which is a typical signal of bullish weakness.

All this looks miserable, but there is still some hope! Some whales and institutional funds may be waiting for a lower price layout, suggesting that the bull market may be reignited after a deeper adjustment.

Brothers, stay calm and don't panic! Don't be impatient in a good market situation, hold on to the support and resistance, and wait for the right opportunity to take action. Don't let the trap of luring more investors into buying more stocks get you cut!