Bitcoin continues to maintain a strong high-level sideways trend, consistently reaching new historical highs. Today, it has already reached a peak of $1,119,800, and the price is expected to continue pushing upward, but not too aggressively. The target will be in the range of 115,000-120,000.
It is important to note that the 6-hour and 8-hour MACD levels have shown signs of insufficient upward momentum, with the upward driving force beginning to wane, while trading volume continues to decline. Be cautious of a pullback after the upward surge.
The daily level will not experience a crash, but the hourly level may see a rapid surge followed by a quick drop.
The pullback positions are at the 8-hour and 12-hour EMA52, with prices currently around 103,400 and 101,000.
Today is Friday, and if it continues to maintain a high-level fluctuation without dropping, Saturday can also continue the oscillation. The period from Sunday afternoon to evening and next Monday is likely to see a change in trend.
As long as Bitcoin does not drop, altcoins will continue to perform, and meme coins will also appear.
Daily level resistance at 1,115,000-1,204,500-1,310,000, support at 1,034,000-1,005,400-966,700.
From the liquidation heatmap of Bitcoin, it can be seen that
the price is rising, with a large number of significant short positions waiting to be liquidated in the 112,000-113,650 range.
the price is falling, with a large number of significant and super-large long positions waiting to be liquidated in the 110,400-108,600 range and the 108,100-102,000 range.
