The daily line is a small bullish candle with long upper and lower shadows, resembling a doji pattern, with trading volume remaining steady compared to the previous day, indicating a volatile upward trend.
The daily MA30 line has started to turn upwards, and the MACD shows an increasing upward momentum near the zero axis.
The daily line shows a pattern of five consecutive bullish candles, with trading volume also slowly expanding, indicating a relatively healthy upward trend.
Similar to the rise on October 20 (marked in red), the price met resistance from the daily MA120 line during the rise, leading to a downward correction. In the short term, there is still momentum to continue rising, and it will be considered an effective breakout only if it can hold above that level; otherwise, it will need to retrace to the 2600-2520 area to build strength before pushing up again.
Daily level resistance at 2730-2855-3060-3290, support at 2520-2450-2350-2260.
From the hourly level, after the rebound at the 1-hour level set a new high, a divergence pattern appeared. The support at the 1-hour level is insufficient, and the price is likely to continue to fall to seek larger level support before rebounding again.
In the short term, you can go long at 2600-2560 and go short at 2730.
From the three-day liquidation heatmap view.
Price is rising, and there are still some large short positions waiting for liquidation around 2700. There are a large number of large short positions waiting for liquidation in the 2724-2784 area.
Price is falling, and there are a large number of large long positions waiting for liquidation around 2620 and in the 2600-2516 area.
