In the past few days, it has been said that the 6-8 hour level shows insufficient upward momentum, and we need to be cautious of a pullback after a rise. Last night, there was finally a rapid downward trend at the hourly level.
Currently, the divergence pattern at the 6-8 hour level has been confirmed, and after a rapid drop and rebound at the hourly level, there is still room for further decline. Support levels are at 105300-104120-101750.
The support at the daily level is around 101000, which is near the daily MA30 line.
The daily level will not crash, so there is no need to worry. We will observe after a period of sideways consolidation at a high level.
In the next three days, the U.S. stock market will be closed, and market liquidity will be significantly reduced. However, as long as Bitcoin maintains a high-level consolidation, altcoins will have a chance to catch up. During the day, altcoins will mainly focus on recovery, and by tonight to tomorrow, strong altcoins will start to rise, and meme coins will also appear.
At the daily level, resistance levels are 110000-120450-131000, and support levels are 105300-104120-101750-97520.
From the Bitcoin liquidation heat map, it can be seen that
As the price rises, there are a large number of large and super-large short orders waiting to be liquidated in the 110000-113850 area.
As the price falls, there are a large number of large and super-large long orders waiting to be liquidated in the 106600-102400 area.
