Analyst: The BTC daily line shows a sharp increase, and altcoins also rise accordingly

According to analyst Duck Army on platform X, the BTC daily chart shows a large candlestick with a short upper shadow and an amplitude exceeding 10%, and the trading volume has tripled from the previous day, marking the highest since August 5th. This indicates a strong upward movement. On the daily chart, the MA30 remains on an upward trend, and the MACD transition from weakening bearish momentum to a marked increase in bullish momentum suggests a significant rise. Such a sharp increase typically depletes a lot of bullish energy, likely leading to minor price adjustments to correct the technical pattern caused by the rapid rise. Nonetheless, a crash is unlikely, with the main trend being a minor retracement.

As BTC breaks to new historical highs, it opens the market to larger gains. Current focus should shift towards active altcoins, including ETH, which have begun to show positive trends in sync with BTC's rise. Some bottom-tier altcoins have not started their upward trend yet, and are expected to see price increases driven by capital rotation.

On the daily chart, major resistance levels lie between $77,900 and $83,240, while support is found between $73,700 and $69,700. Hourly analysis shows BTC is currently in an hourly rebound, with the 15-minute chart indicating potential bearish divergence, suggesting further pullbacks may follow. Short-term traders might consider going long at $74,900 and $73,790, and short at $76,000 and $76,500.

Liquidation heat map data indicates that during price ascensions, a significant number of large short positions are pending liquidation between $76,450 and $77,600. In a downtrend, significant long positions await liquidation around $73,750. Should prices continue to fall into the $73,450 to $70,000 range, a large number of substantial and very large long positions are expected to provide some support.