The monthly line is a large bullish candlestick with an amplitude exceeding 46%, and the trading volume is about twice that of last month, which belongs to a doubling volume rising pattern.
The monthly MA30 line maintains an upward trend, and the MACD shows an increase in upward momentum above the zero axis. This trend can be seen as a refueling pattern in the air.
If the monthly line rises too much, there may still be momentum for a continued rise in the short term. It is still necessary to pay attention to the drop and pullback after breaking through the 100,000 integer mark. The drop is to facilitate a better rise, and it is a normal adjustment pattern, so there is no need to worry; Bitcoin's price has not yet reached its peak.
Historically, Bitcoin's monthly return rate in December presents a situation of equal rises and falls. However, in the previous two Bitcoin halvings in December 2016 and 2020, Bitcoin still showed an upward trend.
The daily line is a downward shadow line with a short lower shadow, and the trading volume is about half of the previous day, belonging to a high-level oscillation adjustment pattern.
The daily MA30 line maintains an upward trend, and the MACD shows an increase in downward momentum above the zero axis.
The daily level maintains a high-level oscillation and consolidation. Without the US stock market opening, there is no large amount of funds to drive the rise in Bitcoin prices; in the short term, it is all on-site funds in PVP.
The focus is still not on Bitcoin. Ethereum has started to lead altcoins in a nice upward trend this week. Ethereum will continue to catch up, and altcoins will continue to rotate up. The main rising wave of the first round of the bull market is also about to arrive.
Daily level resistance at 98,800-103,000-109,500-126,000, support at 92,400-90,940-88,850-84,830-79,830
From the hourly level, it is currently showing a return to the zero axis in a 12-hour rebound within an 8-hour rebound of the daily MA30 line.
In the short term, one can go long at 95,350 and short at 98,750 and 100,000.
From the three-day liquidation heat map view
Price rising, there are some large short positions waiting for liquidation in the 97,350-97,550 area, and a large number of large and extra-large short positions waiting for liquidation in the 97,750-100,850 area.
Price falling, there are a large number of large and extra-large long positions waiting for liquidation in the 96,100-92,950 area.
