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Daily market commentary
$BTC
(Figure 1) from the daily level, the pie is still in the large range of shock areas for shock, yesterday is a yang line with upper and lower shadows, the volume is basically the same as the day before yesterday, the two-day trading volume and the day before yesterday that the volume of the yin line is the same, the two yang line body is also greater than half of the yin line body, then it can be regarded as the yin line decline is invalid. The trend can refer to the No. 1 red circle position. At present, the price fluctuates near the MA30 line, and the U.S. stock market does not open on Friday, and the weekend is a game between contract funds. There will also be a wave of upward rush during the day, and then step back to find a strong support position.
(Figure 2) from the hourly level, the price runs to the neckline pressure level between the cells, after the pressure to form a downward step, the hourly level will have a wave of continued upward momentum, we need to pay attention to whether the pressure in the two blue line areas can be effectively broken
Judging by the three-day liquidation heat map
Yesterday, this wave of rally, liquidated a large number of short positions, the current price is up, in the 69300-70400 area there are still some large short orders waiting to be liquidated
The price is downward, long orders are accumulating, there are some large long orders waiting to be liquidated in the 67250-65700 area, and a large number of large and super large long orders are waiting to be liquidated in the 65500-64500 and 64450-62750 areas