The weekly chart shows a bullish candlestick with long upper and lower shadows, and the trading volume is a quarter more than the previous week, indicating a high-level upward movement.
The weekly MA30 line maintains an upward trend, and the MACD shows an increasing upward momentum above the zero axis.
The weekly level will continue to maintain this high-level upward movement; presented on the daily level, it will show wide-ranging fluctuations up and down, followed by a bullish candle that pulls up, and then wide fluctuations again.
As we mentioned before, if the main forces really want to offload, they will also oscillate repeatedly at high levels for a longer time. A sharp drop is to wash out leverage, while a slow drop is the true offloading.
The upward trend at the weekly level has not yet ended, and the bull market has not ended either.
The daily chart shows a small bullish candle with short upper and lower shadows, and the trading volume is basically on par with the previous day, indicating a shrinking volume and an upward movement.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening downward momentum above the zero axis.
The daily candlestick has not shown the volume bullish candle we hoped for yesterday, forming an 'air refueling' pattern, which suggests there will be a period of high-level fluctuations ahead.
Many people are afraid of heights and believe that Bitcoin will drop sharply like a guillotine candle. This worry is completely unnecessary; there will be a correction after breaking the $100,000 barrier, but it won't plummet. Similar quick up-and-down spikes like on December 5 will happen again, aimed at washing out leverage and contracts. Breaking $100,000 is just a new beginning, where the main forces will repeatedly wash out positions to prepare for a new wave of rising.
At the daily level, resistance levels are 105000-112000-126000, and support levels are 99160-96540-94270-92800-87300-84900.
From the hourly level, it is currently moving in a pattern of a rebound from the daily MA30 line back to the daily MA30 line after the 2-hour return to the EMA52 line. The hourly level is experiencing narrow fluctuations with no obvious small-scale trend.
In the short term, one can go long at 98400 and 96800, and short at 102000.
Looking at the settlement heat map over three days.
The price is rising, and there are a large number of significant and super-large short positions waiting to be settled in the area of 101500-103850.
The price is falling, and there are a large number of significant and super-large long positions waiting to be settled in the area of 98650-96500.
