In the live broadcast of the language community: Policy changes face+PPI explosion! Is 120000 Fortresses the 'Gate of Hell' for BTC?

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 US Treasury Secretary Besson urgently changes face: publicly denies the government's plan to add new Bitcoin purchases, only promises to stop selling existing reserves. This statement completely shattered the market's illusion of "national super buyers" entering the market; PPI inflation data exploded: The Producer Price Index surged 3.3% year-on-year in July, far exceeding the expected 2.5%, marking the largest increase since June 2022. This data suggests that inflationary pressures on the consumer side may rise again, leading to a sharp drop in the probability of the Federal Reserve cutting interest rates in September to 90.5%. $120000: The Death Spiral of Technology and Leverage When macro interests strike, the structure of Bitcoin technology has already hidden a killing intent. When the price reaches a new high, the Relative Strength Index (RSI) shows a bearish divergence, and the three-day chart forms a double peak pattern - this pattern triggered a 35% collapse in January 2025. The support level of $116500 has become the life and death line for long and short positions, and its loss directly triggers an avalanche of programmed sell orders: The tragedy of leverage massacre: Within 24 hours, the entire network experienced a stock explosion of 1.02 billion US dollars, of which 85% (872 million US dollars) were long positions and 220000 traders were wiped out; Key watershed shift: $112000 becomes the new defense line, and if it falls below, it is feared to drop to the range of $105000-110000. The derivatives market, however, showed a strange calmness: the annualized premium of Bitcoin futures remained stable at 9%, and institutions did not buy put options on a large scale for hedging. There is a disconnect between the emotions of professional traders and retail investors - the former view a sharp decline as a healthy correction, while the latter fall into panic and stampede. Whale Battle: Reverse Layout in Panic When retail investors rush to flee, on chain data reveals the reverse operation of shrewd funds: - Whale hunting at low prices: addresses holding over 1000 BTC have raised a total of 18000 bitcoins in the $117000-120000 range, worth approximately $2.1 billion; Institutional long short differentiation: BlackRock's IBIT holdings increased against the trend to $88.6 billion, Norwegian sovereign funds increased their holdings by 83%, and hedge fund Brevan Howard increased their holdings to $2.3 billion, forming a strong support for retail investors' selling. This differentiation highlights the market's cognitive differences towards long-term logic - Whales bet that US policies are only short-term disturbances, while the scarcity of Bitcoin (supply contraction after halving) and the entry trend of sovereign wealth funds remain unchanged. Institutions such as deVere Group even maintain their year-end target of $150000, believing that the record inflow of funds from spot ETFs will digest short-term selling pressure. Rebirth after the Gates of Hell: The Ultimate Trial of a Bull Market Currently, Bitcoin is facing a triple purgatory test: policy expectation correction, inflation stickiness concerns, and technical liquidation crisis. However, historical experience has shown that every flash crash is an opportunity for new and old funds to switch hands: Emerging market hedging demand surges: Latin America experiences a 40% surge in Bitcoin trading volume due to fears of fiat currency depreciation caused by Trump's tariff policies; Long term indicators remain intact: The correlation between global M2 money supply and Bitcoin prices remains as high as 0.94, indicating a potential easing cycle by the Federal Reserve or reactivation of the liquidity engine. This sharp decline is like a cruel coming of age ceremony - when $120000 goes from support to a "ghost gate", Bitcoin must prove that it can overcome macro shocks and leverage strangulation and truly transform into a mature asset. And the hidden layout of the giant whale may be sowing the seeds of fire for the next round of charge! Operation suggestion: - BTC 117650 long first target watch 118755 second target watch 119835; ETH 4495 long, first target is 4565, second target is 4630. Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance! Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.