The weekly line is a small negative line in the shape of a cross star with long upper and lower shadows. It has been a cross star line for two consecutive weeks, but the price fluctuation this week is larger than last week. The trading volume is about one-fifth more than last week, and there is no obvious increase in volume, which is within the normal trading volume range.
The weekly MA30 line shows signs of slowly flattening out from the upward trend, and the MACD shows a trend of weakening upward momentum near the zero axis.
Currently, the weekly level is showing a top divergence pattern. If the high consolidation continues without a breakout, then we should pay attention to the price decline and retracement. Here, the trend of price decline and retracement is more likely to appear. The weekly level decline and retracement target is 95700-84500. It will not be achieved in one step and will take a relatively long time.
According to experience, this process takes at least 4-8 weeks, or even longer.
The daily line is a small positive line in the shape of a cross star with short upper and lower shadows. The trading volume is even less than the previous day, only about one-third of the average daily trading volume on weekdays, which is a trend of shrinking volume and fluctuations.
The daily MA30 line began to flatten from the upper trend, and MACD showed an increasing downward momentum near the zero axis.
If the price closes below the daily MA30 line, then the short-term pressure point is the MA30 line.
In the past three days, the price has been fluctuating between the daily EMA52 and MA30 lines, but a top divergence has also appeared here. Therefore, after the opening of the U.S. stock market on weekdays, if the price cannot go up and stand on the MA30 line, it will still face the risk of further price decline.
The support of the daily EMA52 line will become weaker and weaker, and you need to pay attention to it at all times.
Daily level pressure level 106850-110300-120400-130000, support level 102550-97670-95860-93530
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 106100-109350 area.
The price fell, and there were a large number of large and super large long orders waiting to be liquidated in the 104200-100400 area.
