Bitcoin yesterday formed a small bullish candlestick with a doji shape, and the trading volume was only about half of the previous day. There was not much change in price since many institutions and market makers are off work during the Christmas holiday, resulting in lower liquidity, so price fluctuations are minimal.
The daily MACD is returning from a high position to the zero axis, showing a weakening downward momentum. The price is just a little bit away from $100000, and it is likely to go up. If there is a volume increase in the next couple of days, the price will once again challenge the $110000 key level.
In January, Trump will officially take office in the White House, and the short-term positive expectations are still there. Don't be overly bearish; let's take advantage of this rebound first.
Altcoins are rebounding as we anticipated, and individual coins are surging wildly. If the rise is sharp and high, be sure to take profits and set stop-losses timely. There are still opportunities to build positions in spot trading, so don't rush.
Always remember, when prices fall, be bold and buy in batches, and prepare for next year's altcoin market layout.
Daily level resistance at 101600-112000-126000-134000, support at 96000-92550-87300-78850.
Hourly level trend, currently moving within the 1-day EMA52 line rebound, a top divergence pattern appears in the 30-minute rebound, and there will be a decline adjustment at the 30-minute level.
In the short term, you can short at 100000, and long at 98328 and 97620.
From the liquidation heatmap data of Bitcoin, we can see
The price is rising, with a large number of significant short positions waiting for liquidation in the 100000-100900 and 101400-102450 regions.
The price is falling, with a large number of significant long positions waiting for liquidation in the 97900-96350, 95700-94350, and 93450-90450 regions.
