Yesterday, it was predicted that after falling back to around 105,200, there would be a weak rebound, and then continue to fall to find a larger level of support before rebounding. Unexpectedly, the price fell back to 105,300 and then started to surge upwards. It has now broken through $110,000 again.
The daily line closed with a big positive line, and the trading volume was more than twice that of the weekend, which was basically the same as the trading volume when the big negative line fell on June 5, which is a trend of large volume rise.
The daily MA30 line is still flat, and the MACD shows a weakening downward momentum below the zero axis. The fast and slow lines are about to form a golden cross. If the fast and slow lines form a golden cross, the daily level rebound will take effect and the price will rise further.
Along with the appearance of the big positive line, the price quickly broke through the suppression of the daily MA30 line and the 4-hour downtrend line. The next goal is to break through the previous high and go to $120,400.
After the morning close, it continued to surge upward, then fell back at the hourly level during the day, and continued to surge after the opening of the U.S. stock market in the evening.
Daily level pressure level 120400-130000, support level 106000-101260-97670-95860-93410
From the Bitcoin liquidation heat map, we can see
The price is rising, and there are still a few large short orders waiting to be liquidated in the 110800-111800 area
The price is falling, and there are a lot of large and super large long orders waiting to be liquidated in the 106750-103200 area
