Spring Festival Update - BTC Going out without a large screen or split screen, it's a bit difficult to watch movies, but playing on the first day of the Lunar New Year was tiring. I really want to write about Wenwen to relax, so as not to lose the feeling of watching movies after a few days of relaxation. From a daily and above level perspective, the downward trend that began in late January has significantly slowed down and shown a converging state. In terms of time, it is almost over; However, in the structure, there was no effective recovery upwards, and the space for exploration downwards was not completely enclosed. Observing the daily trend, in the past 10 days, it has been basically within a narrow horizontal range. In other words, the upper and lower tracks of the large-scale structure are still clear. Tang Ge repeatedly mentioned the improved "reverse departure segment" strategy in his tweets on August 13th, which is still effective. Interested parties can take a look back. From the trend of 4H and below, the moving average system after the sharp decline is still bearish, but compared to the low point on the 6th, the possibility of hitting a new low or falling below a new low in the short term is very low; Similarly, even if there is a large bullish candlestick here, it only raises the center of price volatility and does not change the bearish structure of the daily chart. We need to remember the relationships involved. Summary: The bearish structure at all levels is evident and has not been effectively repaired, so it is mainly reserved for a downward trend (focus), and there is no need to expect upward opportunities with a trend; The rise against the trend is always short and limited, so we cannot chase after the high. Please refer to the following points for the highest corresponding high sell, breakthrough retracement, and low long after correction (key). Short term suppression is within the range of $800 (68060~68717) in the current area and above, with a second suppression of $72200~73644 (after a large volume breakthrough, you can enter by stepping back on $72200, or after reaching $71140~69510, you can follow the market for a short period of time) Short term support 63185~62110 (see long and do short), second support 58548~57490 (can be hung), 55770~53111 belong to the non existing range, but have objective form support, can be hung in the long term. BTC