Tonight is the highlight again⚠️❗️❗️
BTC has been fluctuating in the range for almost a week. Tonight is the time to close the monthly line, so there will definitely be fluctuations. The support near 57,800 below is very strong. There is a good rebound when it falls here. There is also a lot of pressure at the 60,000 mark above, and it has not been able to break through here.
Last night, it touched the 60,000 mark but did not break it. The price was hit by the air force again, and the lowest price came to around 57,750. The current price has come to around 59,300 and fluctuated. At present, the market is still based on fluctuations and adjustments. The pattern is not clear at all. The wind of change may appear tonight to tomorrow morning. The dealer will definitely take advantage of the US stock market's holiday time to make things happen. This weekend should not be so simple.
On the other hand, the trend of ETH, after going all the way down to around 2390, has been piercing downwards, and has not effectively fallen below the previous low. The price has been stable above 2400. From this trend, it is still relatively strong, with the taste of the bottom, but since Ethereum has always followed the big cake, there should be another wave of downward trend. The bottom of the big cake has not yet formed, so it is still necessary to focus on the high altitude.
From the current liquidation map, the long and short positions are basically the same, and the funding rate has also appeared a rare 0.0%, which is a rare situation. The liquidation strength near 57,000 US dollars is about 2 billion and the liquidation strength at 61,000 is about 1.2 billion, indicating that many retail investors have begun to see positions near 58,000, but the main force has not yet appeared.
From the perspective of Bitcoin's 1-hour trend, MACD is still opening upward, while KDJ still forms a dead cross, and OBV volume does not show much. However, looking at the BTC four-hour chart, the three major indicators are all opening upward, indicating that there will be another rebound here. If it cannot break 61,500, it will still not change the short trend of the daily line. The overall trend is still bearish.
Looking at the ETH 4-hour chart, there is a little bit of a W-low pattern, but the pressure level of 2560-2580 can never be crossed.
