The daily line is a relatively long bullish candlestick with a short upper shadow, and the trading volume is one-third less than the previous day, which belongs to a rebound trend after a downward adjustment.
The daily MA30 line still maintains an upward trend, and the MACD shows an increasing bearish momentum above the zero axis.
The daily increase is relatively large, but the trading volume is somewhat lacking, and it can still push up a bit more. It is important to note that today is Thursday, and the U.S. Thanksgiving holiday and weekend are approaching. The main funds for this rally are in the U.S., and the fluctuations in the Asian market have been relatively small in recent days. Be cautious about chasing high.
For short-term contract players, those who went long at the points we provided yesterday can take profits in batches and wait for the next pullback to continue going long.
The market is not focused on Bitcoin but rather on Ethereum and altcoins.
Daily level resistance at 98800-103000-109500-126000, support at 90940-88850-84830-79830.
From an hourly level perspective, it is currently following the 1-day MA30 line rebound within the 8-hour rebound and the 15-minute return to the zero axis trend.
Short-term buying can be done at 95490, 94800, 93920, and selling at 97500/98460.
From the three-day liquidation heat map view.
Price is rising, with a large number of large and extra-large short positions waiting for liquidation in the 97300-99950 area.
Price is falling, with some large long positions waiting for liquidation near 94900 and 94200, and a large number of large long positions waiting for liquidation in the 93000-91300 and 90800-88900 areas.
