As I said yesterday, the price is likely to fall further. After the U.S. stock market opened last night, the price fell all the way, and after reaching the support of the daily EMA52 line, it formed an hourly rebound trend.
The daily line is a black line with a relatively long body, so today it will continue to move down at the hourly level, and then rebound. The rebound will temporarily focus on 103000-104000. If the rebound is strong, it can return to the 105000-106000 area. We will see as we go.
After the daily level rebound, it will continue to fluctuate for a few days, and it is likely to fall again, looking for support near the weekly MA30 line (95036)
The upward trend of Bitcoin that started in April has temporarily come to an end. The next step will be at least 4-8 weeks of trend correction and wide range of fluctuations.
Daily pressure level: 103960-110000-120400-130000, support level: 100550-97670-95100-93410
From the Bitcoin liquidation heat map, we can see
The price is rising. There are some large short orders waiting to be liquidated in the 102000-105600 area, and there are a large number of large and super large short orders waiting to be liquidated in the 105900-109600 area.
The price is falling, and there are still some large long orders waiting to be liquidated in the 100250--99600 area
