Today is May 9, 2024

This morning, Bitcoin fell to a low of around 60,800, and then the daily line received 61,100. It has been said that it will rebound after falling to 61,000. So will Bitcoin rebound from here? Where are the support and resistance levels near the current price? Next, let's use the Bitcoin OBTI 1-hour explosion chart data to analyze.

From the one-hour chart, you can see that there are more people who open short positions than those who open long positions. When the market maker raises the price to 63,000, all the large short positions will be blown up. The highest short position volume is 3.8M. When the market maker reaches 60,800, all the large short positions will be blown up. The highest long position volume is only 1.2M

Then, let's take a look at the global blow-up chart of Bitcoin. There are many people who open short positions near the current price. Their blow-up position is around 63,000, and the volume has reached 3.9M

In general, regardless of the market or the blow-up chart, everyone is opening short positions. If the market maker turns around and kills, everyone will definitely have no objection. Anyway, it's not far away, right? #BTCè”°ćŠżćˆ†æž #ć€§ç›˜è”°ćŠżéšŸæ”‹ #搈çșŠçˆ†ä»“