The hourly trend is still moving in sync with Bitcoin, experiencing fluctuations upwards during the day, then quickly dropping after the US stock market opens, followed by a rapid recovery and continuous rise.
The daily chart shows a long bullish candlestick with short upper and lower shadows, and the trading volume is slightly lower than the previous day; this volume does not match the rising candlestick well.
The daily MA30 line has turned flat due to the large bullish candlestick, but the price is still below the MA30 line, so this is still just a rebound and not a reversal. Only when the price stands above and stabilizes on the MA30 line can it be considered a market reversal.
The upcoming lower edge of the red box (2450) and the daily MA30 line (2550) will remain important resistance levels in the near term. After this rebound, I believe there will still be a need for a downward adjustment, so remember to take profits timely on long positions.
Daily level resistance at 2450-2560-2690, support at 2120-2000-1860.
From the liquidation heat map of Ethereum, we can see that the rapid rise and fall in price has created a large area of liquidation vacuum.
As the price rises, there are still some large short positions waiting for liquidation in the 2452-2500 range.
As the price falls, there are some large long positions waiting for liquidation in the 2324-2210 range, and a large number of large long positions waiting for liquidation in the 2180-2090 range.
