The daily line is a bearish candle with short upper and lower shadows, and the trading volume is basically flat compared to the previous day. The price has fallen and closed below the daily MA30 line, which is not a support level. The price needs to drop further to around the daily EMA52 line (104000) before there is a rebound.
As mentioned yesterday, the monthly line is bullish, so there will definitely be both declines and increases at the daily level. The next two days are leaning bearish, waiting for a rebound after finding the bottom.
Recently, various positive news has been released one after another, but the price has not risen as expected, and the trend is not as strong as anticipated. It's important to pay attention to the rapid downward movements at the hourly level.
The altcoins, including Ethereum, are all in a downward adjustment. A few strong tokens are experiencing independent trends, but these independent trends won't last long, so it's important to take profits in a timely manner. Additionally, don't try to guess the top of strong tokens, as it's easy to get caught and then face a drop.
Daily level resistance levels are $115000-120000-1301130, support levels are 105700-103820-100400-97850-95930.
