Daily Market Interpretation - BTC 07/17 The price range of BTC today is included in yesterday's candlestick, so the overall structure has not changed much. However, due to the passage of time, it is necessary to partially track the details From the 12H to the daily range, the price belongs to the stagflation and pullback after reaching a high on the bullish side. Its nature is more of a correction when it rises too much. The initial correction here belongs to the range of benign adjustment From the trends of these two major levels, it can be seen that the price needs to rest after reaching a high within the current range. The time and space for rest are currently insufficient to form a coherent trend, and there is no need to chase after the rise. If we follow a timeline, this is just the beginning and we don't need to think too much about it; More importantly, reserve entry points for spatial trends this weekend and next week. From the 4H trend, it can be seen that since falling below the MA30 level at 8am on the 15th, the main fluctuation range of the price has been centered around MA30. In this structure, it is suppressed at the starting point of 8am on the 15th and supported at the needle level at 8pm on the 15th. Due to the lack of independent direction, when breaking through this suppression and support position, it is more important to consider going in the opposite direction rather than pursuing the trend. From the range of 15 minutes to 1H, the short period moving averages begin to converge and bond, requiring direction selection. However, the shape and moving averages above are clearly suppressed, leaving insufficient room for rebound; There are large period support and long-term support at this level below, with relatively low difficulty and risk factor in operation. Summary: The current price of BTC is stable against the high point of 123K on the 14th. It is safe to retrace and go long against the high point of the previous May 22nd pattern. In terms of the comparison of the rise and fall space, the current daily pattern is a trend of first falling and then rising, with no chasing after the rise. The main focus is on reserving lower bullish positions at various levels. Short term support 116600~115463 (1:2 close in/out), second support 112133~109137 (further down is not within the existing range, it is difficult to infer directly, but if the offside falls below 7%, it can grab a rebound, only once), short-term suppression is at the current position, and it is necessary to guard against the continued decline towards short-term support after the 4HMA30 pullback, and further suppression above 121293~122122, BTC