The weekly line is a large positive line with a short upper shadow line and an amplitude exceeding 20%. The trading volume is 60% higher than that of the previous week, which is a volume-based rise.
The weekly MA30 line is an upward trend. After returning to the zero axis above the zero axis, the MACD shows an upward trend with increasing momentum.
The breakthrough of the large positive line this week signifies the beginning of a new journey for Bitcoin. All the previous trapped positions have been completely liberated, and there is no pressure above. The only pressure is to see how high this wave of funds wants to pull Bitcoin.
After the large positive line, it is unlikely that another large positive line will appear. This week and the next few weeks will likely be a trend of small negative lines and small positive lines, adjusting and accumulating strength before continuing to rise.
100,000 US dollars will not be the peak of this round of Bitcoin's bull market. It will definitely continue to rise. Don't guess the top. Let's be patient and enjoy the benefits of this wave of rise first.
The daily line is a positive line with a long upper shadow line. The trading volume is about four times that of the previous day, which is a volume-based rise. The price has hit a new high, indicating a short-term rush to the top.
The daily MA30 line maintains an upward trend, and the MACD shows an upward trend with increasing momentum above the zero axis.
The daily trend shows that the large positive line pulls up, the small positive line slowly rises, and then the large positive line pulls up. Then in the next few days, the price will still slowly rise, and the daily level will show small positive lines and small negative lines. The probability of a large positive line appearing again in the short term is very small.
Today is Monday, and the US stock market opens for trading. Pay close attention to the inflow and outflow of funds in the US stock market Bitcoin ETF.
In the short term, there are many short-term profit-taking orders that need to be understood. The price will fall slightly, but the problem is not big.
Daily level pressure level: 81900-83240 support level 77600-74780-73700-72700
In terms of hourly level, the current trend is a 1-hour rebound within the rebound of the 1-day MA30 line, returning to the 1-hour MA30 line rebound trend. The price has reached a short-term peak and is about to adjust.
Short-term longs can be placed at 78150, and shorts at 81000
From the three-day liquidation heat map
As the price rises, there are still a large number of large short orders waiting to be liquidated in the 81700-82800 range
As the price falls, there are a large number of large long orders waiting to be liquidated in the 78450-77450 range, the 77100-76000 range, and the 75650-74450 range
