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Daily market commentary
$BTC
From the weekly level, the pie is a black candlestick with a long lower shadow, which is called an inverted hammer pattern, and this pattern appears in the top area and is a typical bearish pattern. The volume is larger than the previous week, so be wary of the scams that the pie has rebounded in the last two days. At the weekly level, this week will become very critical, the plunge is not visible for the time being, everything is a normal adjustment, so there is no need to worry, the focus should be on the cottage.
(Figure 2) from the daily level, the pie closed above the MA30 line, but in terms of trading volume, it is still a bit unsatisfactory, the pie must step back on the MA30, and the closing line is on the MA30 line for three consecutive days to stand firm.
Judging by the three-day liquidation heat map
The price is rising, there are still a large number of large and oversized short orders waiting to be liquidated in the 70450 area, and the price continues to rise, and the intensity of liquidation is not large
The price fell, and the three areas of 68850-67850, 67450-66300, and 65900-64950 concentrated a large number of large and super-large long orders waiting for liquidation