Guangming Peak Morning Report 08.11: Harvard bets $167 million! Can Bitcoin "Wu Song" break the $120,000 ceiling with three punches?

History repeating itself? The entry of institutions hides the secret of explosive growth. Last Friday's morning report "Wu Song fighting the tiger" accurately predicted Bitcoin breaking through the 118,000 and 119,000 levels. The latest revelation of Harvard Management Company purchasing 167 million USD worth of Bitcoin ETF (holding more than Microsoft and Amazon!) raises the question of whether "Wu Song" is about to wear a big red flower and challenge 120,000 USD. Historical data shows that after the halving in August, the price increase can reach over 30%. If this pattern is replicated, the current price of 117,000 USD may only be halftime.

Long and short battle at 120,000: Trump's policy becomes "tiger bone wine". The Trump administration's policy allowing cryptocurrency to enter 401K retirement plans is the "tiger bone wine" for bulls, providing them with energy. However, the technical indicators show that the 119,000-120,000 area has accumulated nearly 400 million in liquidation chips, like a fierce tiger's last counterattack. The weekly MACD golden cross and the daily RSI overbought divergence form a conflicting signal, indicating that a "Wu Song-style" repeated charge may be needed to break through in the short term.

Retail investors beware, the liquidation tiger is approaching! Behind the market frenzy on August 9, over 100,000 people experienced liquidations totaling 400 million USD in a single day – if the support at 117200 is lost (bullish stop-loss point), the risk of a pullback may arrive abruptly like the "Night Rain on Jingyang Hill." Changes in the Federal Reserve's personnel and the US-Russia talks this week may become the trigger for sudden market movements.

Operational Strategy: "Three Bowls Never Cross the Ridge" Batch Positioning Method

First bowl: 118500 light position test long (pullback to EMA50 support 12)

Second bowl: 118000 increase (weekly demand zone overlap position 6)

Third bowl: Breakthrough 120000 to chase the rise (stop loss moved up to 119000)

Tactical reduction area: 119700-120300 (previous high congestion area 4), can reduce holdings by 50% to lock in profits.

Risk Warning:
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Policy variables: If the new chairman of the Federal Reserve opposes cryptocurrencies, it may trigger a "waterfall sell-off" below 117200.

On-chain activity: A giant whale transferred 26,000 ETH to exchanges in the past 48 hours, beware of potential linked sell-offs.

Time Window: August 15th EU MiCA II bill voting may impact the privacy coin sector 8