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Bitcoin prices continue to fluctuate! The upper pressure is at 64,000, and the lower support is at 60,000!丨Powell gave a speech yesterday, and the US CPI data results will be released tonight! Everyone is shorting on short. Is this a lure for Gouzhuang? Please pay attention to the news.

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azs1128
05-15
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Today is May 15, 2024

Bitcoin was going up and down yesterday when I was writing an article. As expected, it was going up a few hours later. Bitcoin kept going down last night, but it never fell below 61,000, let alone 60,630. The dividing line, Bitcoin, is currently in a very central place, running close to the line of EMA200. It is probably waiting for the CPI data in the United States tonight. If the CPI data is good, Bitcoin will take off. Soaring to the sky, if it is negative, it will directly fall below the support level and undergo deep consolidation. We won’t know until the news from the United States is released, but we can still know it through technical analysis. If Bitcoin draws a line, what will happen next? Let's go.

Let us analyze it through the one-hour liquidation chart of Bitcoin OBTI

As you can see, there are more people opening short positions than opening long positions. When the dealer’s price rises to 62,300, all the people who opened short positions will be fully reported. The maximum capacity of the air force is 3.1M. If the dealer’s price drops back to 61,000, the dealer will close all the short positions. All those who opened a large number of long positions have reported, and the maximum amount of long positions can be 2.4M

Then let’s take a look at Ethereum

The Opti of Ethereum is the same as that of Bitcoin. If the market maker rises to 2,910, all those who have opened short positions will be reported. The maximum capacity of the air force is 2.3M. If the market maker drops to 2,850, all those who have opened long positions will be reported. After all people have reported, the maximum number of troops can be 1.7M.

In general, the Bitcoin market continues to fluctuate! The upper pressure is at 64,000, and the lower support is at 60,000!丨Powell gave a speech yesterday, and the US CPI data results will be released tonight! Everyone is shorting on short. Is this a lure for Gouzhuang? Please pay attention to the news. #BTC Trend Analysis#BTC Contract#ETH Trend Analysis#Market Trend#ETH Prediction

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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