The weekly chart shows a large bullish candle, with trading volume approximately one-third more than the previous week, but it still does not qualify as a significant increase in volume.
The weekly MA30 line maintains an upward trend, and the price closed above the MA30 line. If it stands firm for three consecutive weeks, a new round of increases will commence. A pullback is not concerning as it can confirm the support at this level, and the MA30 line is positioned at the lower edge of the red boxed area, with the price around 89000.
The weekly MACD shows weakening downward momentum after returning above the zero axis, with the fast and slow lines about to form a golden cross. If it remains above the MA30 line for three weeks, the MACD will form a golden cross, potentially continuing to challenge the 120000-150000 range.
In summary: the weekly chart has always been on an upward trend. After a pullback to the strong support of the weekly line, a rebound forms, and the price returns above the MA30 line. It will not rise sharply without any pullbacks; there is a short-term need for a pullback.
The daily chart shows a small bearish candle in a doji star formation, with trading volume one-third of the previous day, indicating a contraction in high-level fluctuations. The daily MA30 line has started to turn upward, and the daily trend has begun to reverse from a downward trend to an upward trend. The MACD shows weakening upward momentum just above the zero axis. Today is Sunday, and the U.S. stock market is closed on weekends; market liquidity will still be relatively poor. Therefore, daytime price fluctuations are likely to be small. It is important to note that tonight there may be significant price fluctuations, as the U.S. stock market will open tomorrow, which will also lead to considerable volatility. Attention can be closely paid to the outflows of Bitcoin funds. The short-term trend remains strong, with the price still operating above the daily MA120 line, but it is relatively far from the MA30 line, indicating a need for a pullback. The one-hour level rebound mentioned in the past two days has shown signs of a top divergence, with upward momentum greatly diminished. The price needs to drop back to the 3-4 hour EMA52 line to continue rebounding, with prices at 93100 and 91000. The daily level resistance is at 96188-99700-102044, and the support level is at 91650-88950-86120-82880.
From the liquidation heatmap data of Bitcoin, it can be seen that
The price is rising, and there are still a large number of significant and extremely large short positions waiting to be liquidated in the 95450-97000 and 97450-98400 ranges.
The price is falling, and there are still a large number of significant long positions waiting to be liquidated in the 93750-89900 range.
