Yesterday, I said that there will be a rebound trend after the hourly decline. The rebound position we gave is 103000-104000 first. If it is strong, it can go to 105000-106000. The actual rebound high point is 105333 (Binance spot price). It just rebounded to the daily MA30 line and was under pressure, forming an hourly correction. It is currently fluctuating at the hourly level.
Liquidity will be poor over the next two days of the weekend, and the main players will basically not make any big moves. The trend will be mainly volatile. Until Sunday night to Monday after the opening of the U.S. stock market, larger fluctuations will be likely to occur.
The daily MA30 line has started to flatten out from an upward trend, and MACD has returned to the zero axis from a high level. The price is on the MA30 line. If it stands above the MA30 line within two days, then the price still has room for further increases. If it fails to stand above the MA30 line, the price will fall further. We will wait and see as we go.
The daily pressure level is 106000-110000-120400-130000, and the support level is 100860-97670-95100-93410
From the Bitcoin liquidation heat map data, we can see
The price is rising, and there are still a lot of large and super large short orders waiting to be liquidated in the 105350-109500 area.
The price fell, and there were some large long orders waiting to be liquidated in the 103700-101900 area and the 101400-99600 area.
