The hourly level is showing a volatile upward trend, with the highest point reaching around 108135.
The daily line shows a small bullish candle with short upper and lower shadows; the trading volume is slightly higher than the previous day but not significantly, falling within a normal trading volume range. The daily MA30 line has gradually flattened from a slight downward trend, and the MACD is showing a weakening downward momentum near the zero axis. If a bullish candle forms today, the MACD will present a golden cross trend, indicating potential further upward movement.
The price is currently above the daily MA30 line. If it closes above the line for three consecutive days, it can be seen as a preliminary stabilization. We need to wait for the daily MA30 line to turn upward to consider a reversal in the trend.
It is important to note that before a definitive reversal occurs, there is still a possibility of price manipulation during the upward movement, which could lead to a drop after a brief surge. The current rise may also be aimed at precisely clearing contract short positions.
In the short term, the price will still be influenced by the policy situation regarding the conflict between Israel and Iran, as well as the actions and words of Trump, so contract traders need to be cautious. How it unfolds, we will observe as we go.
Altcoins have shown unusual movements, and meme coins are about to emerge again. However, most meme coins rise quickly and fall just as fast, so it is essential to take profits in a timely manner.
Daily level resistance is at 110300-120000, and support is at 103200-100400-97850-95930-94000.
From the Bitcoin liquidation heatmap,
the price is rising, with a large number of significant and oversized short positions waiting for liquidation in the 108100-109750 range.
the price is falling, with a large number of significant and oversized long positions waiting for liquidation in the 106450-101000 range.
