Yesterday, it fell back to the 12-hour MA30 line and showed a rebound at the hourly level. After rising, it encountered the 1-hour EMA52 line and began to fall again.
The next support level is still at the 8-hour EMA52 line (92840). When it reaches this point, there will be a rebound at the 8-hour level.
The daily chart shows a small bullish candle, and the trading volume is slightly larger than the weekend's two days, but it still falls within the normal range of trading volume.
The daily MACD is not far above the zero line with a dead cross of the fast and slow lines, so the daily level still needs to adjust and move down, which would just return to the 8-hour-12-hour support position for a better rebound.
Today is Tuesday, and at 2 AM on Thursday, Beijing time, the Federal Reserve will announce its new interest rate decision. The market is currently waiting for this news.
The rebound at the weekly level has been confirmed, and the decline at the daily level is a normal pullback, providing an opportunity for you to enter.
Daily level resistance at 96860-99700-102044, support at 92840-91550-89000.
From the Bitcoin liquidation heat map, we can see
The price is rising, with a large number of large and extra-large short positions awaiting liquidation in the 95200-98150 range.
The price is falling, with a large number of large and extra-large long positions awaiting liquidation in the 93500-91900 range.
