The big cake is currently around 85,300, and the resistance level is very clear: 85,400 to 85,600 is the thickest accumulation of long-term holders’ positions, and also the area with the densest trapped supply from the previous bull run. Last night it hovered there for four hours but didn’t manage to break above.
Above that is 87,400—this round’s rebound peak. The liquidation wall for shorts is stacked at 88,458; only if it truly breaks through there can it be considered a reversal.
Looking downward, 84,700 is today’s low. If that breaks, we’ll see whether it can hold around 83,000 to 84,000—this level has been hit by declines twice recently, and large orders were picked up each time, making it the hardest support in the short term. Further down are 81,500 and 80,715, liquidation lines for multi-billion-size long positions. If it really reaches there, the bulls will have to be liquidated in bulk.
At the moment it’s just a large range consolidation between 83,000 and 87,400—there’s nothing anyone can do; we’re waiting for a directional choice.#BTC #行情分析
Above that is 87,400—this round’s rebound peak. The liquidation wall for shorts is stacked at 88,458; only if it truly breaks through there can it be considered a reversal.
Looking downward, 84,700 is today’s low. If that breaks, we’ll see whether it can hold around 83,000 to 84,000—this level has been hit by declines twice recently, and large orders were picked up each time, making it the hardest support in the short term. Further down are 81,500 and 80,715, liquidation lines for multi-billion-size long positions. If it really reaches there, the bulls will have to be liquidated in bulk.
At the moment it’s just a large range consolidation between 83,000 and 87,400—there’s nothing anyone can do; we’re waiting for a directional choice.#BTC #行情分析