The daily line is a small positive line with upper and lower shadows, similar to a cross star shape. The trading volume is about half of the previous day, which is a high-level oscillation pattern.
The daily MA30 line maintains an upward trend, and MACD shows an increasing upward momentum above the zero axis.
The Federal Reserve’s interest rate decision this morning did not have a big impact on the market, which was also within expectations. Bitcoin continued to set new historical highs in the early morning.
Many people are afraid that Bitcoin will plummet and cause a guillotine, leading to a plunge in the altcoins. Generally speaking, there will be adjustments after the price has risen rapidly. There are many ways to adjust, which can be a downward adjustment or a high-level shock adjustment. Currently, Bitcoin is in a high-level shock adjustment, giving other altcoins time to make up for the rise.
In the short term, the declines and retracements are all hourly levels, and the amplitude of the declines and retracements will not be too large. The rise at the weekly level has just begun.
Daily level pressure level 77900-80000-83240, support level 73700-72700-71500-69700
From the hourly level, the current trend is that the 30-minute rebound within the 1-hour rebound within the daily MA30 line has reached a new high, forming a top divergence pattern. The price will fall and adjust to the support of the 1-hour EMA52 line.
In the short term, you can go long at 74230 and short at 76400
From the three-day liquidation heat map
The price is going up, and there are still a lot of large short orders waiting to be liquidated in the 76950-78100 area and the 78300-79100 area.
The price is going down. There are a lot of large long orders waiting to be liquidated in the 75450-74700 area and the 74450-70900 area.
