#token2049dubai Starting today, the curse of falling whenever there is a meeting cannot be broken. There will be a wave of downward retracement, and the retracement will be an opportunity to enter; don't miss it.
On the hourly level, there is a downward fluctuation in the morning, and an upward fluctuation starts in the afternoon. In the early hours, there is also a rapid decline in the US stock market's closing phase. The hourly fluctuations are starting to increase, indicating that the daily level fluctuations will also increase.
The 1-hour and 2-hour levels are no longer sufficient to support the current high-level fluctuations. Currently, the 4-hour level's momentum is supporting. The price needs to retrace to the 4-hour or 8-hour support before rising for a healthier trend. The retracement position is in the 92750-90300 range.
The strong support at the daily level includes the MA120 line (91680) and the daily MA30 line (86470). The daily MA30 line is relatively far from the price, and it is unlikely for the price to drop this much in a short time, so the MA30 line will continue to rise and approach the price.
The upward trend at the weekly level has been confirmed; retracements are opportunities to enter.
Daily level resistance is at 96188-99700-102044, and support is at 91680-88950-86120-82880.
From the Bitcoin liquidation heat map, there is a large accumulation of long and short contracts. Whether the price rises or falls, a large number of contracts will be liquidated. The market is still dominated by contracts, and price fluctuations are aimed at capturing contract liquidity.
With the price rising, there are a large number of significant and oversized short contracts waiting to be liquidated in the 95450-98750 range.
With the price falling, there are a large number of significant and oversized long contracts waiting to be liquidated in the 93600-90300 range.
