The daily line shows a small bearish candle, and the bearish candle's body does not exceed half of the bullish candle from the 1st. Today's trend is critical. If it continues to fall and both bearish candle bodies exceed more than half of the bullish candle body from the 1st, it will form a short-term top pattern, and the price will have to fall further.
From the momentum trend, this wave is a rebound driven by the bullish momentum at the 4-hour level. It has currently returned to the 2-hour EMA52 support level, forming a weak rebound. If the 2-hour level cannot hold, it will have to return to the 8-hour EMA52 line for another rebound, with the price around 92400, a decrease of about 3%, which is not considered large.
However, for altcoins, especially those with relatively large increases, if Bitcoin drops quickly, altcoins will experience a significant decline, so attention should be paid to the drop in altcoins caused by Bitcoin's decline.
Daily level resistance is at 99700-102044, and support is at 94765-91680-88950.
From the Bitcoin liquidation heatmap, it can be seen that there are a large number of large and extra-large long positions waiting to be liquidated below. If the price does not go up, it will move down to liquidate the long liquidity.
The price is rising, with a large number of large short positions waiting to be liquidated around 96750, in the 97400-98700 range, and in the 99300-100600 range.
The price is falling, with a large number of large and extra-large long positions waiting to be liquidated in the 95650-92400 range.
