The intraday market prediction from yesterday was slightly off. Yesterday morning was a downward consolidation, and in the afternoon, it began to consolidate upwards. After a drop when the U.S. stock market opened, it started to rally again, and the daily line finally closed in the green.
The trend remains relatively strong, but price fluctuations are starting to increase. Currently, it is still in a high-level consolidation trend.
There are two days left until the monthly line closes, and the end of the month is also a time of significant price fluctuations with a large number of options expiring. Generally, there will be a reallocation ahead of the month-end.
At the end of this month and the beginning of next month, the token2049 summit will be held in Dubai, which brings about the superstition that prices tend to fall during conferences.
The daily MA30 line is turning upwards, and the price is relatively far from the MA30 line, indicating a need for a pullback. The MACD shows an increasing upward momentum near the zero axis. If there is no further breakthrough in the next few days, we need to be cautious of a downward pullback.
The daily MA120 is still the recent support level, with the price at 91680.
If the price breaks through the pressure at 96180, it can continue towards 99000, then oscillate in the range of 99000-96180.
With the weekly trend upwards, any decline is a pullback and an opportunity to enter.
Daily resistance levels are 96188-99700-102044, support levels are 91650-88950-86120-82880.
From the Bitcoin liquidation heat map data, it can be seen that
The price is rising, with a large number of significant and oversized short positions waiting for liquidation in the 95150-98200 area, with key liquidation points around 95700 and 96100.
The price is falling, with a large number of significant and oversized long positions waiting for liquidation in the 93250-90250 area.
