The daily line is a bullish candle with a long lower shadow and a short upper shadow, and the trading volume is about one-third more than the previous day, indicating a rebound trend in a fluctuating downward market.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening downward momentum above the zero axis.
After the price briefly broke below the daily MA30 line support, it quickly dropped to near the daily MA120 line, where it received strong support and then formed a strong rebound trend at the hourly level.
The price closed below the daily rising trend line but above the MA30 line. In the short term, it may continue to decline to test the support strength of the MA30 line. Bitcoin may break through the 100,000 mark, and after stabilizing from the retracement, there will be significant market activity for inscriptions.
Spot buying can be done in batches at the daily support level, just wait for the right moment.
Daily resistance levels are 39.7-42.5-46.6-51.3-55.6, and support levels are 36-33.5-31.7-29.2-26.5
