We discussed this in the past two days, the US stock market is closed on weekends, and Bitcoin will exhibit a sideways and volatile trend. Therefore, today will still maintain this trend, and we need to wait until the US stock market opens on Monday to see the performance. It is highly likely that there will be a wave of short-term profit-taking after the US stock market opens, and prices will continue to go down.
There isn't much to say about Bitcoin's trend. The next retest of the daily EMA52 line is a great opportunity to get in.
Altcoins have experienced a rebound after a wave of hourly-level oversold conditions and are currently undergoing a pullback at the hourly level. Today will be a performance time for some coins. Most altcoin trends will synchronize with Bitcoin. If you're trading short-term, you can chase market hotspots; where the hotspots are, there is money.
Daily level resistance levels are 101220-112000-126000-134000, support levels are 94300-91600-87300.
From the hourly level, it is currently showing a rebound inside the daily EMA52 line, with a 2-hour pullback and a 5-minute pullback trend. In the short term, you can short at 99700 and long at 96400 and 91600.
From the Bitcoin liquidation heat map, we can see
The price is rising, with some large short positions waiting for liquidation in the 98600-99100 area, and a large number of large and extra-large short positions waiting for liquidation in the 99600-102500 area.
The price is falling, with some large long positions waiting for liquidation in the 96000-95500 area and the 95350-93100 area.
