Daily Market Analysis——BTC

BTC's current price has once again approached the at 75180, and the control line is currently playing a suppressive role in the intraday trading.

Before the market shows a recovery and reversal structure, all rallies near the control line should be viewed with the mindset of surging higher and falling back. At the same time, be wary of sharp declines occurring on the 4H and above timeframes.

From the daily and above timeframes, over the past month, I have consistently indicated that the current price is on the bearish side of a bearish trend. The current price is in the second consolidation process on the daily chart, with limited fluctuations between its upper and lower rails.

The corresponding resistance is at the upper rail of the second consolidation, and the divergence point after breaking above the upper rail. The corresponding support is at the lower rail of the consolidation, and the divergence point after breaking below the lower rail. These large-timeframe strategies remain unchanged as long as the structure doesn't change.

From the 4H to 12H trend, the current rally is entirely contained within the large-timeframe suppression, which destines this uptrend to lack durability and have relatively limited space. There is still much theoretical knowledge I could share, but personal time is limited, so I cannot enumerate everything.

To summarize, here are two suggestions: First, do not chase rallies at suppressive levels. Second, when the lifeline battle strategy positions gradually fall into place on various timeframes, you can monitor and trade, but do not place orders in advance, because real declines cannot be stopped. Simply place orders directly at the box's lower rail and at price levels significantly below the box.

The reason: The current stage is increasingly approaching the turning point of the daily chart's second consolidation. If it turns upward, suppressions are everywhere with no reason to go up (because ultimately it will come down). This is more about luring bulls to get retail traders on board, followed by sharp declines.

From the 1H and below timeframes, the market after the rally is in a local bullish trend, but the uptrend has not yet been exhausted. As I have always done, I do not buy after stretches. Simply wait for high sells after this timeframe's top divergence or breakdown.

Summary: After the price approaches the main force control line at <75180>, all timeframes are generally in a suppressive pattern. Bulls should pause operations. This week, focus on monitoring sharp declines during secondary surges after consolidation, or direct sharp declines to secondary rebounds after the daily chart's second downtrend consolidation lower rail.

Short-term resistance is in the current area to the 75180 zone (temporarily do not operate, wait for divergence or breakdown on 1H and below timeframes with confirmation). Second resistance at 78420～80866 (with pin reserves).

Short-term consolidation and decline zones at 69026～68040 (those who can trade should monitor and quickly enter and exit, do not place orders in advance). Short-term support at 64310-63540 (gradual declines are preferable, quick entry and exit). I really shouldn't provide too many short-term price levels. Those who know how to trade should operate around the lifeline battle strategy on small timeframes after pullbacks. There will be no trend opportunities here. The higher rebounds tend to rise, the more brutal the subsequent declines often become. #BTC

Here are several more long-term pin reverse price levels for reference, save them yourselves:
60110-58176 (Can place orders, valid for 2 months)
55522-53830 (Can place orders, valid for 3 months)
47510-45140 (Can place long-term orders, valid for 6 months)