The daily chart shows a small bearish candle with an upper shadow and a short lower shadow, with trading volume down by a quarter compared to the previous day, and about half less than during the drop two days ago, which is a normal rebound in a downtrend.
The daily MA30 line is slightly upward, with the MACD returning to the zero line above it, indicating a weakening downward momentum.
Yesterday's rebound just hit the daily MA30 line, and after being suppressed, formed a downward retest on an hourly basis.
Currently, this position is quite delicate; the MACD is returning to the zero line, but the price is still below the daily MA30 line. It could either have a bullish candle pushing above the MA30 line or continue to show a second downward retest at the daily level.
The trend seems to be in sync with Bitcoin, yet it still maintains its own rhythm. The strategy should either wait for a reestablishment above the MA30 line to chase or wait for a second retest to buy in batches. Regardless of the direction, a daily level rebound will come.
Daily level resistance at 234.5-243.5-270-283-300-315-331, support at 221.5-213.3-202.3-184-167.5
From an hourly perspective, it is currently showing a rebound within the 5-10 minute pullback of the 1-day EMA52 line.
In the short term, one can go long at 223.2 and 215.9, and short at 232.8 and 245.4.
From the three-day liquidation heatmap,
Price is moving upwards, with a large number of significant short positions waiting for liquidation in the 234.8-240.8 range.
Price is moving downwards, with a large number of significant long positions waiting for liquidation in the 225.4-216.8 range.
