The daily line is a small negative line in the shape of a cross star with a long upper shadow and a short lower shadow. The trading volume is two-thirds of the previous day, which is a normal correction trend.
The daily MA30 line maintains an upward trend, and MACD shows an increasing upward momentum above the zero axis.
In the short term, the price encountered a pressure level near the previous high and formed a retracement trend. After the retracement, it fluctuated. At present, the resistance to the rise is still relatively large. It is best to continue to fluctuate here to digest the previous short-term profit chips.
In addition, we also need to wait for Bitcoin to give a clear direction, either it will fall back after encountering resistance, or it will continue to rise after breaking through resistance.
The market is fluctuating in a narrow range at the hourly level. It is not recommended to trade contracts as it can easily affect your mentality. Be patient and wait for the direction to emerge.
Daily level pressure level 160-172-184.3 support level 149.2-146.4-138.6
From the hourly level, it is still a 1-hour rebound trend within a 2-hour rebound, and the price is fluctuating narrowly around the 1-hour EMA52 line.
In the short term, you can go short at 160 and go long at 152.3 and 149.9
From the three-day liquidation heat map
The price is going up, and there are a lot of large short orders waiting to be liquidated in the 158.6-163.2 area
The price is going down, and there are a lot of large and super large long orders waiting to be liquidated in the 153.4-146.2 area.
