At the hourly level, the trend is oscillating upward. After the opening of the U.S. stock market, it fell down, quickly plunged down, and then quickly pulled back, showing a relatively good upward trend.
The daily line is a bullish line with short upper and lower shadows and a relatively long body, and the trading volume is basically the same as the previous day.
The daily MA30 line is still trending downward, and the MACD shows a weakening downward momentum near the zero axis.
The price increase encountered the suppression of the daily MA30 line, resulting in a small decline adjustment at the hourly level. The news was affected by the ceasefire between Iran and Israel, but in fact, we said in yesterday's market analysis that there will be a rebound after the decline, but the news boosted it, making the rise larger and faster.
After the rebound, it will still continue to fall and adjust. I think it will be difficult for Bitcoin to continue to set new highs before the interest rate cut is officially confirmed and announced.
Daily level pressure level 106580-110300-120000, support level 100400-97850-95930-94000
From the Bitcoin liquidation heat map, we can see that this wave of rise is obviously aimed at clearing the short positions in the contracts above, and a large number of huge short positions have been liquidated.
The price is rising, and there are still some large short orders waiting to be liquidated in the 106100-108000 area
The price fell, there were a small number of large long orders waiting to be liquidated in the 102450-99900 area, and a large number of large long orders waiting to be liquidated in the 99450-95600 area
