The daily line is a negative line with a relatively long body, and the trading volume is twice that of the previous day, which is a decline with volume.
The daily MA30 line maintains an upward trend, and the MACD fast and slow lines cross above the zero axis, and the trend of increasing upward momentum turns into increasing downward momentum.
The Federal Reserve’s interest rate data in the early morning was in line with expectations. Many people believed that the decline in Bitcoin was caused by Powell’s remarks, but this is not the case.
Bitcoin was trying to hit the $110,000 mark but failed to break through. Although BlackRock had been buying according to the U.S. stock ETF data the day before, other institutions had varying degrees of capital outflows. In addition, in response to the recent release of several data in the United States, funds also had varying degrees of risk aversion operations. The upcoming U.S. Christmas holiday will also have a blood-sucking effect on the market.
The cross star pattern of Bitcoin the day before also indicates to a certain extent that a wave of daily level adjustments is about to come. At present, the short-term top pattern has been confirmed, and Bitcoin will start a wave of daily level adjustments.
While waiting for Bitcoin to stabilize, the altcoin market will usher in a wave of rotation and rise. Don't miss this opportunity.
Daily pressure level 112000-126000-134000, support level 98400-94200-91460-87300
From the hourly level, the current trend is the 3-minute pullback from the 1-day MA30 line after the rebound.
In the short term, you can go long at 98600 and short at 101420. It is valid for the day.
From the three-day liquidation heat map
The price is going up. There are some large short orders waiting to be liquidated in the 105000-106650 area, and there are a large number of large short orders waiting to be liquidated in the 106950-110850 area.
The price is going down, and there are still some large long orders waiting to be liquidated in the 99900-99500 area.
