Bitcoin has experienced a decline and a pullback. Yesterday, during the day, it was in a downward consolidation. After a rapid decline in the afternoon, there was a brief rebound during the evening US stock market hours, followed by an hourly level consolidation.
The daily chart shows a long bearish candlestick with short upper and lower shadows. The trading volume is about 1.5 times that of the previous day, but it is still at a relatively low level.
The price will further decline, testing the support of the daily EMA52 line again, which is in the range of 92800-90000. Once it reaches this range, one can boldly enter the market and take advantage of a relatively nice rebound.
The altcoin will continue to experience a decline. Don't be afraid; if it's going down, be ready to enter the market. Take short-term rebounds and exit, and for the medium to long term, accumulate at lower prices to prepare for a significant rise in altcoins in the first half of next year.
The daily level resistance is at 98700-101600-112000-126000-134000, and the support level is at 92800-87300-78850.
On the hourly level, the current movement is a 15-minute pullback within the rebound of the 1-day EMA52 line.
In the short term, one can short at 96500 and 97960, and go long at 93800 and 90800.
From the Bitcoin liquidation heatmap, we can see that
the price is rising, with large short positions waiting to be liquidated in the areas of 96800-97500, 98750-99600, and 100000-102500.
the price is falling, with large and very large long positions waiting to be liquidated in the areas of 95150-93650 and 93000-91950.
