As mentioned yesterday, the 12-hour rebound has ended, and the price needs to further decline towards the 1-day EMA52 line. The position given is to long at 112700, with Binance perpetual contracts having a minimum of 112660.
The current rebound is relatively weak, which is normal. The US stock market is closed on Saturday, so there won't be much action in the funds, and the price will fluctuate back and forth. Next, there will be a 15-30-1 hour pullback, all of which can be traded with long positions for short-term opportunities.
It is expected that tomorrow afternoon to evening, volatility will increase. Here, we lean towards a further price rebound and upward movement, gradually starting a 1-day level rebound trend. The rebound on the 1-day line will take longer than the 12-hour rebound, and the upward momentum will be stronger. We hope to create a new high, and we'll see as we go.
Daily level resistance at 115900-120000-128500, support at 112600-107240-99100-91170
