Yesterday during the day, there was a slight upward fluctuation at the hourly level, followed by a drop when the US stock market opened in the evening, but it was immediately pulled back. The price broke through the $96000 level and continued to surge towards 97000. Currently, it is fluctuating between 96000 and 97000.
The daily line shows a bullish candle, with trading volume slightly higher than the previous two days, still within the normal trading volume range. The daily MA30 line shows an upward trend, and the MACD exhibits a weakening upward momentum not far above the zero axis.
After fluctuating for seven or eight days at the daily level, it has chosen to break upward. In the short term, the price is unlikely to plummet; it is more likely to continue breaking upward after fluctuating at a high level.
The next target is the range of 99000-100000. It will not go up all at once; the 100000 round number is also a psychological barrier and will have considerable pressure. Near 100000, it is still possible to reduce positions.
As we mentioned last week, the upward trend at the weekly level has been confirmed, and pullbacks are opportunities to get in.
Daily level resistance is at 99700-102044, and support is at 94765-91680-88950.
From the Bitcoin liquidation heatmap, we can see that
the price has risen, and there are still a large number of large and extra-large short positions waiting for liquidation in the 97450-98750 range
the price has fallen, and there are a large number of large long positions waiting for liquidation in the 98900-94150 range and the 93600-90600 range
