The weekly line is a small positive line with upper and lower shadows. The trading volume is slightly more than last week, but it is basically the same as in the previous few weeks.
The weekly MA30 line is still in an upward trend, and MACD shows a weakening downward momentum near the zero axis.
The weekly price increase encountered suppression from the MA30 line, forming a downward correction. In the short term, the price will be affected by the correction of Bitcoin and there is still room for a correction. However, the weekly level is still in an upward trend. Don't be overly bearish. After the shock adjustment, the weekly level will still rise sharply.
At the daily level, it is a black candlestick with a relatively long body, a long lower shadow and a short upper shadow. The trading volume is basically the same as the previous day, but only about half of the previous few days.
The daily MA30 line is trending downward, the MACD fast line is close to the zero axis, and the slow line is below the zero axis, forming a trend of weakening upward momentum. The price rise encountered the daily MA120 line, forming a downward correction. There is still room for decline here, and it will return to the daily MA30 line to find support.
Daily pressure level is 153.5-163, support level is 142.2-137.6-135.5-126.5
From the hourly level, the 1-hour level rebound has been completed, and it is currently near the 4-hour MA30 and EMA52 lines. This is a relatively strong support, and there will be a good rebound. In the short term, you can go short at 150 and go long at 140. Pay attention to stop-profit and stop-loss.
From the three-day liquidation heat map
The price is going up. There are a small number of short orders waiting to be liquidated in the 146-148.8 area, and a large number of large short orders waiting to be liquidated in the 149.2-152.2 area.
The price is going down, and some large long orders are waiting to be liquidated in the 140.8-139 area.
