The weekly chart closed with a small bearish candle with a long upper shadow and short lower shadow, and the trading volume was about half of last week's, so a normal downward pullback trend.
The weekly MACD shows a weakening upward momentum above the zero line, so the weekly level still needs adjustment.
The impact of last week's Christmas holiday, the outflow of funds from ETFs, and the lack of upward strength is also normal. The trend has reached a critical resistance level, and making a downward pullback is a healthy trend.
There is no scenario of a crash at the weekly level. As long as funds continue to flow into US stock ETFs, the price will still be pushed higher, and buying on dips is advisable.
Yesterday during the day, the hourly level showed a sideways fluctuation trend, which started to decline at night, with the price gradually decreasing, accompanied by a typical back-and-forth movement targeting contract leverage.
The daily chart closed with a small bearish candle that had a slight upper shadow, and the trading volume increased by one-third compared to the previous day. The shape still shows a shrinking fluctuation.
Currently, the price is near the daily EMA52 line, having formed an hourly-level rebound trend after receiving support, and the price will continue to bounce upwards.
The daytime trend is fluctuating slightly upwards, and attention should be focused on the capital inflow situation after the US stock market opens in the evening.
The focus remains on altcoins. Overall, altcoins do not seem eager to continue falling, but they have to follow the big brother down when he pulls back. If there is a decline, be bold to buy; it's not about how long you can be stuck; cash is king.
Daily level resistance at 97060-98700-104000-112000-126000-134000, support at 92940-90200-87300-78850.
The hourly trend is currently rebounding from the 1-day EMA52 line, encountering the 12-hour MA30 line, and the 1-hour rebound is returning to the 1-day EMA52 line with a 15-minute rebound trend.
In the short term, you can short at 94650 and go long at 90900.
From the Bitcoin liquidation heatmap data, we can see
the price is rising, with a large number of significant short positions waiting for liquidation in the 95000-98650 range.
the price is falling, with a large number of significant long positions waiting for liquidation in the 92900-90750 range.
