The daily candlestick is a small bearish candle with a long lower shadow and a short upper shadow, resembling a doji pattern. The trading volume is basically flat compared to the previous day, maintaining a wide-ranging oscillation trend.
The daily MA30 line maintains an upward trend, and the MACD shows an increasing downward momentum above the zero line.
At the hourly level, there was a rebound yesterday followed by a secondary retest confirmation early this morning. After the price dropped to the daily MA30 line, it found support and showed a fairly decent rebound trend.
Bitcoin will not directly rebound in a V-shape. The ETF data is still in an inflow state, and the price hasn't gone up directly because it still needs to continue oscillating and consolidating for energy.
After two consecutive days of large liquidation amounts, most of it happened in altcoins, while the liquidation amount for Bitcoin is comparatively much smaller.
The focus remains on altcoins. Most altcoins have undergone two rounds of hourly drops and rebounds, and the leverage has been mostly cleared. Next, there will be a few days of oscillation, followed by a series of rebounds. Those altcoins that have seen smaller declines will be the leaders in the next round of increases.
Daily level resistance levels are 98830-100500-10500-112000-126000, and support levels are 94300-92800-87300-84900.
From the hourly perspective, it is currently following the 1-day MA30 line rebound returning to the MA30 line within the 1-hour retracement and the 30-minute retracement trend.
Short-term, you can short at 98000 and 98700, and go long at 94740.
From the liquidation heatmap over the past three days,
The price is rising, with some short positions waiting for liquidation near 97450. There are large and extra-large short positions waiting for liquidation in the 98150-100150 and 102500-103800 regions.
The price is falling, with a large number of long positions waiting for liquidation in the 94200-92800 region.
