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Daily market commentary
$ETH
(Figure 1) from the daily point of view, the trend of the ether is weaker than the pie, the pie closed a white line, the ether closed a doji, so the ether is more to follow the trend of the pie, the MA30 line has shown a downward trend, then in the short term, the MA30 line is the pressure, rebounding near this line will continue to step back.
(Figure 2) From the perspective of the hourly level, the ether has come to the neckline position of the hourly level, and the pressure forms a backstep, but the trend of the hourly level is still a weak performance
Judging by the three-day liquidation heat map
Yesterday's wave of rise, liquidated a large number of short orders, the price went up, and there are still some large short orders waiting to be liquidated in the 3452-3500 area
The price is downward, and there are a large number of large long orders waiting to be liquidated below 3272, and the liquidation concentration area is located near the two prices of 3248 and 3190