As mentioned yesterday, the rebound strength at the 2-hour level won't be too strong. After a slight rebound in price, it will continue to fall. After a wave of rebound at the 4-hour level, it will fall again, and the daily line will close with a bearish candle, indicating a topping pattern.
In yesterday's market analysis, it was mentioned that the price is rising while trading volume is decreasing, which is not a good sign. After the topping pattern appears, the price will further decline. If the daily MA30 line does not form effective support, then after a weak rebound during the day, the price will further drop towards the daily EMA52 line, where there will be a slightly stronger rebound, but it is not a strong support.
The double-top structure has already appeared in this round. The daily MACD returning to the zero axis or the price returning to the daily EMA52 line indicates a weakening of upward momentum, so recently, the strategy should be to short on rallies.
Daily level resistance levels are 110000-120400-130000, support levels are 102200-97670-95860-93530.
From the Bitcoin liquidation heat map, it can be seen that
the price is rising, with a large number of large and extra-large short positions waiting for liquidation in the 108400-111750 area.
the price is falling, with some large long positions still waiting for liquidation in the 104200-102950 area.
