The daily line is a small bearish candle with upper and lower shadows, and the trading volume is slightly higher than the day before, which is a normal downward adjustment trend.
The daily MA30 line maintains an upward trend, and the MACD is showing a transition from increasing momentum above the zero line to strengthening downward momentum.
The bearish line of the daily chart is beginning to shorten, forming a candlestick pattern similar to a doji. The downward momentum is decreasing, and it will not continue to drop from here. After a wave of consolidation, there will be a rebound.
The height of the rebound is in the range of 96000-98000. The focus is not on Bitcoin but on altcoins. When Bitcoin dropped yesterday, altcoins did not amplify the decline, and some strong altcoins even experienced a crazy surge against the trend.
The main players in altcoins are becoming anxious; if they don't take the opportunity to go crazy now, there will be no chance left. Keep an eye on the altcoins that have small gains at the bottom, as they will have a rally.
The daily level resistance is at 94600-98800-103000-109500-126000, and the support levels are at 87400-83930-79830.
From an hourly perspective, it is currently moving within the 8-hour rebound of the daily MA30 line, reverting back to the 10-minute pullback within the 8-hour support.
On the short term, one can go long at 90600 and short at 93200 and 94320.
From the three-day liquidation heatmap,
Prices are rising, with a large number of significant and super-large short positions waiting to be liquidated in the 94750-101900 range.
Prices are falling, with a large number of significant long positions waiting to be liquidated in the 90800-88600 range.
