The daily line is a negative line with short upper and lower shadows and a relatively long body. The trading volume is basically the same as the previous day, which is a fluctuating downward trend.
The daily MA30 line turned downward, the MACD fast line crossed below the zero axis, and the slow line was about to cross below the zero axis, showing a trend of increasing downward momentum.
The price fell below the daily EMA52 line again. This line no longer provides strong support. It currently closed above the blue line 202. A rebound will occur here.
The price has not rebounded as strongly as expected in recent days, so when the price continues to rebound to near the daily MA30 line, it will continue to fall and continue to look for support levels.
The short-term trend is also in sync with Bitcoin, and the daily level adjustment will continue. For the positions that have been bought as mentioned yesterday, you can wait and see when the rebound occurs, and wait for the price to fall to the 155-185 area before buying in batches.
Daily pressure level 233.6-245-270-283-300, support level 202.3-184.5-169.3-152.8
From the hourly level, the current trend is a 5-minute pullback within a 30-minute pullback.
In the short term, you can go short at 210.5 and 214.5, and go long at 202.5 and 193.5. It is valid for the day.
From the three-day liquidation heat map
The price is moving upwards, and there are a large number of large short orders waiting to be liquidated in the 210.4-216.6 area, the 218.8-226.8 area, and the 228.8-235.2 area.
The price is going down, and there are a few long orders waiting to be liquidated in the 204.4-200.4 area.
