The trend at the hourly level basically follows that of Bitcoin. The daily level is a small negative line with a short upper shadow and a long lower shadow. The trading volume is only half of that of the previous day, which is a pattern of shrinking decline.
The daily MA30 line is still in a downward trend, and the price closed above the daily MA30 line. It has closed above the MA30 line for two consecutive days. Today is the third day, and it has remained stable for three consecutive days, so we can expect continued increases in the future.
The daily MACD is still below the zero axis, showing a weak upward momentum trend. It will take time to return to the zero axis. Coincidentally, the daily EMA52 line is also a recent pressure level. Then the price will go to around 1890 and then fall back.
In terms of operation, you can just sell high and buy low at the daily level pressure level given below.
Long contract orders can be profited in batches, and spot orders can continue to be held.
Daily level pressure level 1890-2120-2310, support level 1660-1540-1460
From the Bitcoin liquidation heat map data, 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 1780-1876 area.
The price fell, and there were a large number of large and super large long orders waiting to be liquidated in the 1740-1612 area.
