Affected by the price drop the previous day, a rebound occurred after a downtrend at the hourly level. The price briefly fell below the daily MA30 line, but ultimately closed above the daily MA30 line, indicating that the support at this level is still somewhat strong. However, the strength of the rebound appears slightly weak. Since it did not break below the daily MA30 line, in the coming days, after stabilizing, there will be another wave of increases. It is advisable to choose strong altcoins for short-term buying, and to take profits in a timely manner to lock in gains.
Currently, it is in the process of a rebound from the daily MA30 line with a 1-hour pullback trend. There will still be many pullbacks at the daily level, and it will not directly V-reverse.
The daily MACD is still above the zero axis and is gradually returning to the zero axis. Therefore, there is still room for the price to decline. After a few days of fluctuations, the price will get closer to the daily EMA52 line, and the MACD will also get closer to the zero axis, until the process of returning to the zero axis is completed, at which point a new round of daily-level rebounds will occur.
Daily level resistance levels are 110000-120400-130000, support levels are 99800-97840-93410.
From the Bitcoin liquidation heatmap, it can be seen
Price is rising, with a large number of large and extra-large short positions waiting to be liquidated in the 104950-110800 range.
Price is falling, with a large number of large and extra-large long positions waiting to be liquidated in the 103000-99700 range.
