Bitcoin fluctuated in a narrow range at the one-hour level during the day yesterday, began to fall in the evening, started to rally at 1-2 a.m., and fell again at 5-6 a.m. The current price is fluctuating at $93,000. The price has not fallen much compared to yesterday, but many people have lost their positions.
The daily line is a small negative line with upper and lower shadows similar to a cross star pattern. The trading volume is twice that of the previous day, and it is in a fluctuating downward adjustment trend.
In the short term, prices will not plummet. There will be a rebound today, but it still depends on the price trend after the opening of the U.S. stock market.
It would be best if the price could break through $90,000 and then recover quickly, which would clean up the contract and leverage more thoroughly.
The focus is not on Bitcoin, but on Ethereum and altcoins. Seize every opportunity of a decline and buy spot goods in batches at low prices to prepare for the market in the first half of the year.
Daily pressure level 96430-98270-104000-112000, support level 90200-87300-78850
The trend at the hourly level is the 5-minute retracement trend within the 2-hour retracement within the 12-hour MA30 line retracement.
In the short term, you can short at 95600 and 98700, and go long at 90200
From the Bitcoin liquidation heat map data, we can see
The price is rising, and there are a lot of large and super large short orders waiting to be liquidated in the 95050-97350 area.
The price is falling, and there are still a lot of large long orders waiting to be liquidated in the 91450-90050 area.
