Daily Market Analysis——BTC

The previous short-term support of 69080-68522 precisely locked in the low point of the night pullback. Currently, the trends across all timeframes belong to the same large consolidation range, but the bullish/bearish signals feedback from each level are relatively mixed. Let us analyze level by level.

From the perspective of the daily-level-driven medium-to-long-term trend, the price is within a bearish trend. This is the bullish/bearish intertwined area within the second declining consolidation. Before the K-line breaks below MA30, it cannot be judged as the beginning of a daily-level trend reversal downward. Conversely, we need to continue combining small-level buy points, and reserve for upside moves toward the main force control line at 75180 and slightly above.

From the 4H to 12H medium-line structure perspective, it is also a bullish/bearish intertwined trend, but its nature is downward intertwining with obvious composite-type pressure, which is not as strong as the daily level. We can leverage pullbacks to bounce and engage in games, but we cannot directly chase upside.

From the 1H and below level, it is a standard bearish arrangement structure, originating from the night rebound, which is merely a repair of the oversold condition on the 18th. The repair is now complete. Upside is in the composite-type pressure range of the medium-line structure. No need to chase upside; first guard against pullback moves, then continue to reserve low-long positions after price pullbacks.

Summary: The daily trend's second declining consolidation within the bearish trend is still continuing, but the medium-line trend is relatively weak. Small levels have also completed the repair after the previous oversold negative divergence. Short-term trends will likely follow the medium-to-short-term direction, primarily adopting an operational mode of first falling then rising.

Short-term support 69285-68848 (if rebound strength reaches the level of completing a W-bottom on 4H, can hold longer)
Second support 65960-63899 (can hang)
Short-term pressure 73370-74445 (reference for watching)
Second pressure 75180-77530 (still the recent divergence selling pressure point)

Reminder: Short-term resistance 71280-72110. If it pulls back gently in the 70300-69860 area, there will be buy orders. However, the running space that both can support is very narrow—just for watching reference. No operations on first arrival; consider after it appears 2 more times. Previous large-timeframe hanging orders remain unchanged. #BTC