Daily Market Analysis — BTC

Regarding the current volatility of BTC, my approach and perspective have always been consistent and clear:
Before the daily candle can reclaim the MA30, any rebound to the MA30 is seen as resistance; even if it later recovers, since it's a rally on the bearish side, it will only increase selling pressure. One should not chase the rise but instead prepare for a divergence-driven sharp decline after a rapid upward move.
From the perspective of the daily chart and higher timeframes, the price is in a secondary downtrend sideways consolidation phase within a bearish trend. The current pattern is building a "M-top-like" structure within the consolidation, followed by a retest of its neckline.
All rebounds before effectively reclaiming the MA30 are considered resistance. Therefore, the current daily structure mainly suggests that the price will use the MA30 as a high point, with a reversal and downward trend after multiple attempts.
From the 4H to 12H medium-term view, the 4H MA250 and 12H MA30 exert weak resistance on the price. The intra-day rebound high remains within the previously mentioned 684-700 resistance zone. Regardless of whether it rises or falls, this area is very narrow, offering limited trading space and stability.
A safe approach is to wait until the price breaks past the high and low points of the past 10 days, then take a contrarian position after the correction phase.
From the 1H and lower timeframes, since the larger timeframe is in a downward sideways trend and recent movements are near the middle-lower band of the consolidation, the current price and above levels face resistance or divergence selling pressure. Even if short-term support forms internally, under the resonance resistance of the larger timeframe, it’s difficult to perform well. For bulls, abstaining from trading is also a good strategy.
Short-term resistance: 69519-70270, secondary resistance: 71099-72612, divergence area: 73910-76300.
I am temporarily choosing to abandon nearby short-term support; below are the long-term support levels valid for the next three months for short-term trading.
Aggressive support: 64418-63720 (long-term buy, quick in and out, avoid rapid drops), short-term support: 59469-58295 (quick in and out), second support: 56850-54220 (rapid 1:2 rebound on sharp decline),
Potential third downtrend sideways support at the lower boundary: 47611-38996 (valid for 1 year, suitable for long-term holding). #BTC