Weekend Update - BTC 06/07 After the sharp drop in the price mentioned earlier, when it was pulled back to 1HMA30, it prompted the corresponding low position chips to take profits. Faced with the subsequent slight rise, many traders have doubts and feel that the market has reversed or is about to explode again. Tang Ge here gives everyone a definite answer: Before the price can effectively recover at the daily level and stabilize in the range of 106000~107500, all upward movements are a pullback from the bearish side. Local details may need to be reconsidered, but it will never change the original operating trend. Therefore, it is necessary to reserve a lower price to varying degrees at each level. The structure of the weekly chart has not changed in any way, and you can look back at tweets from any day in the past two weeks, which will not be repeated here. From the 12H to the daily trend, it all belongs to the confirmation of retracement after falling below MA30. Considering that the bullish candlestick retracement yesterday was relatively full, it may limit the low point of the subsequent second retracement. However, before regaining MA30, it will not change the fact that he retraced from the bearish side and confirmed that he has fallen below the original range. That is to say, the current structure is still mainly focused on making retracement orders, especially at the 12H level. We need to guard against the "long trap" caused by this sudden surge. From the 4H trend, the 4th prompt indicates that the price is hovering between MA120 (high) and MA180 (low) in this level, and the 5th prompt indicates a break and a rebound at 4HMA250. As of now, the high point of the two rebounds is still below the original structural low point MA180. This range is expected to continue to suppress in the future, and even if it breaks through, it will be too close to the suppression of the upper form, making it difficult to have a trend opportunity. At best, it will return to the original oscillation range, so there is not much chance of an upward point. From the 1H trend, it can be seen that the price has been significantly suppressed after reaching the lifeline battle method MA250, and the moving average is still inclined downwards, with a suppressing effect. It is suitable for short positions after further price increases. As for the long retracement segment within this level yesterday, there will also be some support when the price falls later, which can also provide opportunities for short positions. Summary: The high-level structure is currently in a pullback state after breaking through, and has not regained a stable position of 106000~107500. This viewpoint does not need to be changed. The trend of the low-level structure depends on the description in 1H, and the corresponding positions are short long or short short short short. The reference points are as follows: Short term suppression at 106444~107530 (the suppression level when the short-term first rises, can be sold high after reaching it, and then retraced to 105888 to be short again), second suppression at 108210~108796 (structural suppression, not expected, no need to expect) Short term support 102946~101863 (see long and short, small interval level, 1:2 fast in and fast out), second support 98210~986454 (short-term low probability level, can be hung) BTC