The daily line closed with a small bearish doji, and the trading volume is three-quarters of the previous day. There is some short-term capital escaping here, and the large bullish candle has consumed the strength of the bulls. The daily level still needs adjustment, but there won't be a crash; it will maintain volatility and then slightly pull back.
The upward momentum on the 8-hour level has weakened and is insufficient to support a continued significant price increase.
Liquidity is relatively poor over the weekend, so the price will mainly fluctuate at a high level. Pay close attention to the altcoins that have seen small increases over the past two days, especially those with relatively small market capitalizations, as there will be a good wave of catch-up.
Daily level resistance at 105000-110000-120450, support at 99500-97750-95200-92840.
From the Bitcoin liquidation heat map, we can see that
the price is rising, with some large short positions waiting for liquidation in the 103450-105200 and 106200-107200 areas.
the price is falling, with a large number of large and extra-large long positions waiting for liquidation in the 102200-97000 area.
