The weekly line is a big positive line, and there will be an upward trend this week. The closing is good, and the weekly rebound begins to take effect, then a new round of rise at the weekly level is about to begin. The rise is not a one-time rise that will never turn back, there will be declines in the middle.
The daily line is a small negative line. The liquidity is poor on weekends and the trading volume is slightly higher than the previous day, but it still shows a trend of shrinking volume and high-level fluctuations.
When the U.S. stock market opens today, whether it will be a drop or a rise depends on the performance of the U.S. stock market tonight. In the short term, there will be relatively large price fluctuations at the hourly level, and contract players need to pay attention.
Personally, I tend to believe that there will be a volatile downward trend during the day, with the U.S. stock market rising and then falling, and the daily line will close with a negative line.
The current daily MA120 line will be support, and the price is around 91650.
In terms of operations, if the weekly trend is upward, then any declines are pullbacks and opportunities to get on board.
Daily pressure level 96188-99700-102044, support level 91650-88950-86120-82880
From the Bitcoin liquidation heat map, we can see that no matter whether the price rises or falls, a large number of contracts are liquidated. At present, the liquidity of Bitcoin contracts is sufficient. It depends on how the main players choose.
The price is rising, and there are a lot of large short orders waiting to be liquidated in the 95300-98400 area
The price is falling, and there are a lot of large long orders waiting to be liquidated in the 93500-90200 area
