Currently, we are experiencing a rebound within the 2-day line, where the 6-12 hour common rebound returns to the 6-hour EMA52 before oscillating. It has been unable to effectively touch the 8-hour EMA52 line. The support at the 8-hour level will become weaker. Next, we can wait to buy at the 12-hour EMA52 line (114910).
The daily line shows a small bearish candlestick in the form of a doji, with trading volume remaining the same as the previous day, maintaining a high-level oscillating trend.
The view remains the same as yesterday; there will not be a sharp decline for the time being. The price will gradually drop to the 12-hour support before rebounding. If the rebound fails to reach a new high, it will need to test the 1-day line support before rebounding again.
As long as Bitcoin drops, 99% of altcoins will also drop. Currently, altcoins have risen so high without a significant correction. This is a time for taking profits in batches, not a time to chase high prices.
Daily level resistance points are 120000-131700-150000, support points are 114910-113600-111265-101510.
