Daily Market Analysis — BTC


Regarding the trend outlook for BTC, Brother Tang's view has remained unchanged from the beginning to the end. Currently, it is still in a secondary daily decline sideways trend within a bearish trend.
The main contradiction in the market is the conflict between short-term support upward and long-term trend downward.
The long-term suppression is imminent; short-term support has not broken, and the upward trend continues.
The current operation is to coordinate and utilize the relationship between them to profit.
From the daily chart and higher levels, the current price is within the long-term suppression range, with complex resistance from trend, pattern, and price line divergence selling pressure above.
Recently, upward movement must beware of large-scale false signals; if observing the short-term trend, although the price is close to the large-scale short-term resistance, the candlestick pattern has not yet weakened.
It can be combined with small-level support to look for long entries and short exits.
From the 4H to 12H medium-term structure, influenced by the overall bearish trend, resistance naturally exists above.
After touching the 75,180, there was a rapid sell-off locally, but the support formed by the upward move on the 13th in the short-term structure was not broken.
Thus, there is still a possibility of further surpassing the control line and rising higher during the session.
From the 1H and lower levels, the current structure is in a recovery phase after reaching 75,180 with a top divergence.
Internally, the higher levels have not been effectively recovered, and there has been no thorough retest downward.
The upward breakout needs to be monitored with the Life Line Trading Method, and support levels downward can be reserved.
Summary: The larger scale is in a suppression range, but candlestick patterns have not weakened.
Upward, a high-level sell-off can be reserved, but avoid chasing the rise.
Short-term bulls should participate only during price retests at smaller levels, and avoid frequent operations.
Short-term resistance at 75,180 (no action),
After surpassing it, the main reference for sell pressure is in the 77,212–78,840 zone (gradual rise is resistance; volume surges and rapid rise should consider breakout strategies),
Pattern divergence and sell pressure at 80,268–83,830 (1:2).
Aggressive support at 73,430–73,277 (monitor closely, quick in and out, do not buy during sharp drops).
Short-term support at 71,937–71,350 (monitor closely, quick in and out).
Second support at 66,440–65,110 (quick in and out).
The above supports are at different levels where a slight decline can be managed, but supports that cannot hold during a true crash need to be monitored with pattern analysis. #BTC
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Below are long-term reserved points for responding to sudden movements, not within the current range, can be set as orders, and should be judged based on pattern analysis upon reaching:
First support 60,721–58,560 (1:2),
Second support 56,360–54,717,
Third support 43,224–39,413.
These are not within the current range but can be set as orders with idle funds, valid over several weeks to half a year.
The large-scale strategy from previous articles remains unchanged; please review it yourself!
BTC-1,76%
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