Yesterday afternoon, after the price retraced to the 4-hour EMA52 line, there was a rebound. After the US stock market opened in the evening, it fell again to retest the 4-hour EMA52 line, and then rebounded again. The 4-hour chart has already shown a divergence pattern. Even if it rises, the height will not be too high. The hourly level trend remains relatively strong, but we still need to pay attention to the price drop caused by adjustments after the rise.
The 8-hour and 12-hour EMA52 lines will still be good entry points. The current price is around 99360 and 97140.
The trend will not crash; it is characterized by this oscillation leaning downward, moving down bit by bit, then suddenly dropping sharply before quickly rising again. Therefore, at the larger support levels, it is still a good opportunity for you to enter.
Daily level resistance at 106000-110000-120450, support at 99360-97140-95345-92120.
From the Bitcoin liquidation heatmap, it can be seen that
The price is rising, with a large number of significant and super large short positions waiting to be liquidated in the 104200-107700 area.
The price is falling, with a large number of significant long positions waiting to be liquidated in the 101200-98250 area.
