The daily line is a negative line with short upper and lower shadows and a relatively long body. The trading volume is nearly twice that of the previous day, which is a downward correction trend with volume.
The daily MA30 line maintains an upward trend, and MACD shows a weakening upward momentum at a far point above the zero axis.
The upward trend at the daily level has not been broken, and a stage-by-stage top pattern has appeared, which means that the declines are normal adjustment trends and there is no need to worry too much. After all, most people do not have Bitcoin at all.
If the short-term decline is too much, there will be a rebound. The next daily level will be a volatile downward trend. There is still room for prices to fall further, which can be seen around 87,400.
It is worth noting that Bitcoin and Ethereum fell very strongly, and most of the altcoins also fell very strongly and did not follow the decline much, so the next focus will be the altcoin's round of rising market conditions, don't miss it.
Daily level pressure level 98800-103000-109500-126000, support level 91280-87400-82400-78900
From the hourly level, the current trend is a 6-hour rebound within the 1-day MA30 line rebound, and the price has returned to the 6-hour EMA52 line. The support here is not very strong. There will be a wave of hourly level rebounds, and then a decline.
In the short term, you can go long at 93070 and go short at 96725. Pay attention to stop profit and stop loss in time.
From the three-day liquidation heat map
As the price moves upward, there are a large number of large and ultra-large short orders waiting to be liquidated in the 96500-97700 area and the 98000-10450 area.
The price is going down, and there are a lot of large long orders waiting to be liquidated in the 92600-91800 area.
