Daily Market Interpretation - BTC My thoughts and opinions on the volatility nature of BTC's current position have always been coherent and clear, which is: Before K was able to recover from MA30, the price withdrew to suppress MA30; Even if it recovers in the future, as it is an uptrend on the bearish side, it will only increase the selling pressure and cannot chase after the uptrend. Only reserve for a sudden rebound and sharp decline after the uptrend. From the structure of daily and above levels, the price is on the bearish side of the second downward sideways trend in the bearish trend. The nature of the current trend is a confirmation of the position of the neck line after the internal construction of a "class M top" in the sideways trend. All counterattacks before effectively recapturing MA30 are seen as suppression. So the current structure of the daily chart mainly reserves the price at MA30 as the high point, and after several repetitions, the downward trend is considered. From the midline trend of 4H to 12H, it can be seen that 4H MA250 and 12H MA30 have a weak suppressive effect on prices. The intraday rebound peak remains in the resistance zone of 684-700 mentioned earlier, which is within a very narrow range regardless of whether it rises or falls, with little room for operation and stability. The safe mode is to wait for the price to break through the high and low points of the past 10 days, and then do the reverse after the departure period. From the trend of 1H and below levels, due to the fact that the major level is a downward sideways trend, and the recent trend is in the middle and lower tracks of the sideways trend, both the current price and the upper levels have a form of suppression or bearish selling pressure points; Even if short-term support is formed internally, it is difficult to have good performance under the suppression of large-scale resonance. For many armies, not operating is also a good operation. Short term suppression 69519-70270, second suppression 71099-72612, morphological reverse area 73910-76300 I have temporarily chosen to give up the short-term support nearby. Here are the effective short-term positions for the past 3 months. Radical support 64418-63720 (looking for long and short, keeping an eye on the market, fast in and out, unable to enter a sharp drop), short-term support 59469-58295 (fast in and out), second support 56850-54220 (sharp drop 1:2 to grab a rebound), Potential third downward trend sideways at 47611-38996 (valid for 1 year, long-term hanging) BTC