The hourly trend is still jumping up and down here. There is a wave of decline in the early morning, and then it starts to fluctuate upward, and then it starts to fluctuate downward again in the early morning. The purpose is to plunder the liquidity of the contract market.
The daily line is a small positive line with long upper and lower shadows similar to a doji shape. The trading volume is slightly larger than when the U.S. stock market was not open in the previous few days, and it still maintains a high-level fluctuation trend.
Currently, the market has not formed a consensus to continue to rise around 110,000. Without a consensus, the price will continue to fluctuate here. Hopefully, the overbought indicator can be repaired through fluctuations.
Many people have started to wonder where the top of Bitcoin is in this bull market, but the reality is that most people don’t have Bitcoin and their hands are full of copycat coins. Only when Bitcoin reaches its peak will copycat coins have a chance to celebrate, so just wait and see.
If the hourly level falls back to the 8-hour-12-hour support level, you can make a rebound order. The daily level pressure level is 120450-131000-140000, and the support level is 105365-103020-101430-98400
From the Bitcoin liquidation heat map, we can see
The price is rising, and there are a lot of large and super large short orders waiting to be liquidated in the 110600-114250 area.
The price is falling, and there are a lot of large long orders waiting to be liquidated in the 108500-104850 area
