The weekly line is a small bearish candlestick with a long lower shadow and a short upper shadow, and the trading volume is one quarter less than the previous week. The long lower shadow indicates a strong counterattack from the bears, but in the end, the bulls still have the upper hand, showing a relatively strong trend.
The weekly MA30 line maintains an upward trend, and the MACD shows an increasing momentum above the zero axis.
This week, Bitcoin will continue to surge, and breaking through the $100,000 mark is imminent. Currently, there are still a large number of sell orders at the $100,000 position, and caution is needed for potential pullbacks after breaching the $100,000 level.
The daily line is a small bullish candlestick with short upper and lower shadows, and the trading volume is basically flat compared to the previous day, slightly higher, indicating a high-level consolidation trend.
The daily MA30 line maintains an upward trend, and the MACD shows an increasing downward momentum above the zero axis.
The trend is basically consistent with the previous few days, with not much to say. Today, the US stock market opens, so pay attention to the flow of funds.
During the day, the Asian session will still be relatively boring in terms of fluctuations, but altcoins will still take the opportunity to rotate and rise.
It is important to note that if Bitcoin pulls back, altcoins will also drop. After all, many altcoins have already seen significant short-term gains. Contracts that chase high positions need to take profits in batches in a timely manner. If it is a medium to long-term spot, be sure to take profits on a portion when doubling to prevent rollercoaster rides.
Daily level resistance is at 98800-103000-109500-126000, and support is at 92400-90940-88850-84830-79830.
From the hourly level, the current trend is a rebound in the daily MA30 line, within a 12-hour rebound, and within a 30-minute rebound.
In the short term, you can go long at 96070 and 94770, and go short at 98400.
From the three-day liquidation heat map,
Price is rising, with a large number of large and super-large short orders waiting for liquidation in the 97950-100950 area.
Price is falling, with a large number of large and super-large long orders waiting for liquidation in the 95750-94250 area and the 93950-92750 area.
