Giant Whale uses 10 times leverage to counter the trend and sweep the market! Is BTC's loss of 77000 a bullish trend or a real decline?

1、 Macro sentiment: Potential selling pressure on spot stocks surges, leveraged market sounds clearing alarm CryptoQuant data shows that the net inflow of BTC on Binance platform has significantly increased in the past 10 days, with monthly reserves rising by about 16000 coins. Meanwhile, the continuous outflow of US spot ETF funds and the negative turn of Coinbase premium index indicate a weakening of institutional demand. The current rebound is mainly driven by high leverage bulls, and the market structure is extremely fragile. Affected by this, BTC fell below the $77000 mark, and ETH simultaneously fell below the $21000 mark, which may trigger a chain liquidation of long positions. 2、 Technical market: 4H trend turns downward, imitation differentiation, giant whales go against the trend to sweep goods The 4-hour price trend has officially turned downward. The daily high point of the price gradually decreases, and the upward trend of the previous low point is disrupted. The daily line and 4-hour MACD bearish signal are synchronously strengthened. Affected by the overall market, UNI fell 2.89% and COMP fell 5.20%; But there was a whale movement in NEAR, and a certain address used 10x leverage to heavily long 2.34 million NEAR (about 6.45 million US dollars) within 10 hours, and placed an order of 813000 spot items at 2.46 US dollars to prepare for additional positions. 3、 Core Points (Two Step Simplified Layout) Step 1: Support below (it is recommended to set warnings at the following locations to stabilize and buy on the left side) Set a warning at the position of 76250 USDT: This area is close to the previous low and recent consolidation support level, and has a certain integer level defense effect. Set a warning at the 75500 USDT position: This is the starting point for a strong rebound in the early stage, approaching the psychological threshold of 75000. If it falls directly below the 75200 USDT level in the future, a warning should be set, and long positions should stop losses and leave in a timely manner. Step 2: Upper pressure (it is recommended to set warnings at the following locations, and consider selling in batches if obstructed) Set a warning at the 77500 USDT level: near the current resistance level of EMA30, it is also a strong selling pressure area with short-term concentration. Set up a warning at the 80000 USDT position: There are a large number of highly leveraged short positions gathered here. Long positions need to effectively increase their volume to break through and stabilize in the area in order to completely reverse the spot selling pressure caused by institutional withdrawal. Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The market is risky, and investment needs to be cautious.