I mentioned yesterday that there would be a wave of downward pullback, and pullbacks are opportunities to enter. After a rapid drop in the hourly level last night, the price quickly rebounded, still oscillating at high levels, but the volatility is starting to increase.
The price needs to pull back to the 4-hour support before rebounding. Currently, it is still showing strength, and pullbacks are opportunities to enter. The rebound at the 4-hour level has just begun, and it should continue to push above 96000.
The strong support at the daily level remains the MA120 line (91670) and the daily MA30 line (86780). The daily MA30 line is relatively far from the price, so it's unlikely that the price will drop this much in the short term; therefore, the MA30 line will continue to rise and approach the price.
The upward trend at the weekly level has been confirmed, and pullbacks are opportunities to enter.
The resistance levels at the daily level are 96188-99700-102044, and the support levels are 91680-88950-86120-82880.
From the Bitcoin liquidation heatmap data, we can see that
the price is rising, with a large number of large and extra-large short positions waiting for liquidation in the 94800-98700 area.
the price is falling, with a large number of large and extra-large long positions waiting for liquidation in the 92800-90100 area.
